Société Générale de Banque au Liban

Societe Generale de Banque au Liban S.A.L. (SGBL, Arabic: بنك سوسيتيه جنرال في لبنان), founded in 1953, is a Lebanese bank. It is a subsidiary of SGBL Group,[1] which operates in Lebanon, and offers banking services in the Middle East (Lebanon, Jordan), the Gulf (United Arab Emirates) and Europe (Cyprus, France and Monaco).[2]

SGBL offers a range of banking services to individuals and companies.[1]

Antoun Sehnaoui is the company's chairman, chief executive officer and main shareholder.[3][4] The other main shareholders are Kafinvest Holding Lebanon Company SAL, Société Générale (France) and NSKINV Ltd.[4]

Société Générale (France) holding

In 2020, local reports verified that Société Générale (France) did not divest from its holding in SGBL after an allegation that SGBL is a "troubled and mismanaged bank." Société Générale (France) had set aside provisions to compensate for the downgrade in Lebanon's credit rating for the previous fiscal year because the downgrade caused a decrease in the value of its holding in SGBL.[5][6]

Corporate social responsibility and sustainable development

Corporate social responsibility and sustainable development have been an integral part of SGBL’s identity and they are based on four pillars: sports,[7] culture, society and economic growth. SGBL is also aligned with the 2030 Sustainable Development Goals of the United Nations undertaking and supporting many initiatives to positively contribute toward Sustainable Development Goals 4, 5, 8, 11 and 17.

See also

References
  1. "Societe Generale de Banque au Liban, Lebanon | Head office, swift, bank profile". banksdaily.com. Retrieved 2021-02-26.
  2. "SGBL Group partners with Backbase to transform banking experience in the Middle East". banquerichelieugcc.com. Retrieved 2021-02-26.
  3. "Antoun Nabil Sehnaoui Cultural Space Inaugurated at the French Institute of Lebanon". Naharnet. May 13, 2019. Retrieved 2021-02-26.
  4. "Shareholders". www.sgbl.com.lb. Retrieved 27 January 2022.
  5. "Société Générale (France) is still shareholder in SGBL". BusinessNews.com.lb. 7 February 2020. Retrieved 27 January 2022.
  6. "French SGBL Official Confirms Société Générale France Still Partner in Bank". 12 February 2020. Retrieved 27 January 2022.
  7. "SGBL and Homenetmen Beirut Launch Their Co-Branded Cards Collection". naharnet. 14 March 2018. Retrieved 27 January 2022.
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