section one - lebanese financial institutions1].pdf · financial markets handbook financial markets...

Financial Markets Handbook

Financial Markets Department

Part I Listing & Capital Development

Yearly Development in the Number Of Active Financial Institutions

Distribution of Financial Institutions By Capital Page 1

Shareholders' Distribution Of Financial Institutions By Nationality Page 1

Shareholders' Distribution Of Financial Institutions By Legal Entity Page 1

Part II Financial Institutions' Financial Statements

End Of Year Balance Sheet Aggregate Items Page 1

Credits Granted By Financial Institutions To Clients Page 2

Credits' Distribution By Sector (Granted By Financial Institutions) Page 3

Financial Institutions' TB's Portfolio Page 4

End of Year Evolution of Financial Institutions' Off- Balance Sheet Agregate Items Page 5

Assets & Liabilities of Fiduciary Accounts Page 6

Assets & Liabilities of Managed Funds Page 7

Profit & Loss Items Page 8

Measures of Profitability Page 9

Financial Institutions' Participation At The Beirut Stock Exchange Page 10

Part III Financial Institutions Ranking

Yearly Ranking for December 2010 Page 1




SECTION ONE-Outlines-FI

December 31, 2013

SECTION ONE - LEBANESE FINANCIAL INSTITUTIONS

Banque Du Liban:


2Billion LBP ]2; 3] Billion LBP ]3; 4] Billion LBP ]4; 5] Billion LBP ]5; 6] Billion LBP ]6; 7.5] Billion LBP >7.5Billion LBP

14 4 3 15 1 9 9

*We have considered "Centuria Capital SAL" shares in our calculations even if the financial institution did not start presenting its financial statements

Legal Entity Companies Individuals

Financial Institutions'

Capital Distribution (LBP)

*We have considered "Centuria Capital SAL" shares in our calculations even if the financial institution did not start presenting its financial statements

SECTION ONE - PART I - PAGE 1-FI

Shareholders' Distribution Of Financial Institutions By Legal Entity As Of December 2013

December 31, 2013

Number of Financial Institutions

Banks Holding Companies

Shareholders' Distribution Of Financial Institutions By Nationality As Of December 2013

Banque Du Liban:


Part I - Listing & Capital Development

Distribution Of Financial Institutions By Capital

Arabs

36,655,040,000

Lebanese Foreigners

107,331,547,000 45,197,692,729 66,463,581,356 93,194,742,092

Capital

37,688,349,356 237,844,173,821

Nationality

Financial Institutions' Capital Distribution (LBP)

0

2

4

6

8

0

12

24

36

48

60

1975 1978 1982 1983 1994 2002 2007 2010 2012 2013

Yearly Development In The Number Of Active Financial Institutions As Of December 2013

Total No

of Active

FI

No of FI

listed

yearly

0

2

4

6

8

10

12

14

16

18

2Billion LBP ]2; 3] Billion LBP ]3; 4] Billion LBP ]4; 5] Billion LBP ]5; 6] Billion LBP ]6; 7.5] Billion LBP >7.5Billion LBP

Distribution Of Financial Institutions By Capital

Number of

Financial

Institutions

Banks

34%

Holding Companies

15%

Companies

21%

Individuals

30%

Shareholders' Distribution Of Financial Institutions By Legal Entity As Of December 2013

Banks

Holding

Companies

Companies

Individuals

Lebanese76%

Foreigners

12%

Arabs

12%

Shareholders Distribution Of Financial Institutions By Nationality As Of December 2013

Lebanese

Foreigners

Arabs



Dec.2010 Dec.2011 Dec.2012

Tot. Dec. 2013:

Five Biggest

Companies

Dec.2013

Tier I* 386,104 440,709 527,952 249,849 585,526

Capital 216,293 227,868 268,988 116,613 304,688

Total Assets 1,609,406 1,659,301 1,891,823 1,149,526 2,166,517

Total Credit 730,845 723,906 844,923 788,448 965,798

**Tier I Capital calculation has been modified according to the BDL Intermediate Circular No.283 dated 7/12/2011.

Dec. 2009 Dec. 2010 Dec. 2011 Dec. 2012 Dec. 2013

Total Capital / Total Assets 16.39% 13.44% 13.73% 14.22% 14.06%

Tier I / Total Assets 29.81% 24.11% 27.16% 27.91% 27.03%

Total Credit / Total Assets 43.43% 45.41% 43.63% 44.66% 44.58%

Total Credit / Tier I 145.68% 188.31% 160.61% 160.04% 164.95%

Total Credit / Capital 264.92% 337.90% 317.69% 314.11% 316.98%

SECTION ONE - PART II - PAGE 1-FI

End Of Year Ratios

Part II - Financial Institutions' Financial Statements

Banque Du Liban: December 31, 2013

End Of Year Balance Sheet Agregate Items (Figures Are In Millions Of LBP)

0

400

800

1,200

1,600

2,000

2,400

0

150

300

450

600

750

900

In M

illi

on

s O

f LB

P

End Of Year Balance Sheet Agregate Items

Tier I

Capital

Total

Assets

Total

Credit

0%

75%

150%

225%

300%

375%


End Of Year Ratios

Total Capital /

Total Assets

Tier I / Total

Assets

Total Credit /

Total Assets

Total Credit /

Tier I

Total Credit /

Capital




TOTAL CREDIT (For Clients) 630,525 730,845 736,948 844,923 965,798

C/V In USD 418 485 489 560 641

Growth From Previous Year 22.17% 15.91% 0.84% 14.65% 14.31%

SECTION ONE - PART II - PAGE 2 - FI

Credits Granted By Financial Institutions To Clients (Figures Are In Millions Of LBP)


Credits Granted By Financial Institutions To Clients

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Va

lue

s In

Millio

ns

Of L

BP

Evolution Of Credits Granted By Financial Institutions To Clients

Total Credit

0%

5%

10%

15%

20%

25%

Evolution Of Growth Of Credits Granted By Financial Institutions To Clients

Growth

From

Previous

Year




Banque Du Liban:

Credits' Distribution By Sector (Granted By Financial Institutions)

December 31, 2013

Agriculture

0%Industry

14%

Building

2%

Serv.& commerce

28%

Fin. Inst.

12%

Other Sectors

8%

Individuals

36%

Credits' Distribution By Sector (Granted By Financial Institutions ) As Of December 2013

Agriculture

Industry

Building

Serv.&

commerce

Fin. Inst.

Other Sectors

Individuals

0

200,000

400,000

600,000

800,000

1,000,000

In M

illi

on

s O

f LB

P

Value of Credits Granted By Financial Institutions

Individuals

Other Sectors

Fin. Inst.

Serv.&

commerce

Building

Industry

Agriculture

0

5,000

10,000

15,000

20,000

25,000

30,000

Number of Credits Granted By Financial InstitutionsIndividuals

Other Sectors

Fin. Inst.

Serv.&

commerce

Building

Industry

Agriculture




CLIENT T-BILLS PORTFOLIO 16,868 59,905 56,114 7,875 20,962

COMPANY T-BILLS PORTFOLIO 201,546 146,506 153,039 198,619 176,110

TOTAL T-BILLS PORTFOLIO 218,414 206,410 209,153 206,494 197,071

COMPANY T-BILLS PORTFOLIO/ TOTAL ASSETS 13.88% 9.10% 9.22% 10.50% 8.13%

COMPANY T-BILLS PORTFOLIO/ CAPITAL 84.68% 67.73% 67.16% 73.84% 57.80%

TOTAL T-BILLS PORTFOLIO/ TOT.OUTSTANDING DEBT 0.49% 0.43% 0.42% 0.41% 0.35%


Financial Institutions' TB's Portfolio As Of December 2013 (In Millions Of LBP)


Financial Institutions' TB's Portfolio As Of December 2013

0

50

100

150

200

250

300

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000

Va

lue

s In

Billio

ns

Of L

BP

Va

lue

s In

Billio

ns

Of L

BP

Financial Institutions' TB's Potfolio

Company

TB Portfolio

Total FI T-

Bills Portfolio

Clients TB

Portfolio

Total

Outstnding

Domestic

Debt

Banque Du Liban: Financial Markets Handbook


Assets of fiduciary accounts

Portfolio of managed funds

Financial intermediations


404,802

494,743

99,030

194,001

676,757

692,232

333,593

643,285

476,204

278,483

195,546

19,490

353,838

951,716

21,018

December 31, 2013

End Of Year Evolution Of Financial Institutions' Off- Balance Sheet Agregate Items (In Million Of LBP)

End of Year Evolution of Financial Institutions' Off- Balance Sheet Agregate Items

Dec. 2009 Dec. 2010 Dec. 2011 Dec. 2013Dec. 2012

0

200

400

600

800

1,000

Va

lue

s In

Millio

ns

Of LB

P

Financial Institutions' Off-Balance Sheet Items

Financial

intermediation

s

Portfolio of

managed

funds

Fiduciary

Accounts



Deposits With

Banks

CDs Issued

By BDLTBs

Traded Fin.

Instruments

Other

Investments

Revenues

Receivable

Unrealised

Current

Revenues

Total

103,074 630 17,834 60,955 7,846 3,662 1 194,001

Deposits With

Special

Instructions

Deposits

Under

Discretionary

Investment

Non

Distributed

Revenues

Charges &

Managing

Fees Due

Unrealised

Current

Revenues

Total Liab.Of

Fid. Acc.

155,235 29,717 6,961 387 1,700 194,001


Liabilities Of Fiduciary Accounts As Of December 2013 (In Millions Of LBP):

Liabilities of Fiduciary Accounts

December 31, 2013

Assets & Liabilities Of Fiduciary Accounts

Assets Of Fiduciary Accounts As Of December 2013 (In Millions Of LBP):

Assets of Fiduciary

Accounts

Deposits With Banks

53%

CDs Issued By BDL

0%

TBs9%

Traded Fin. Instruments32%

Other Investments

4%

Revenues Receivable

2%

Unrealised Current Revenues

0%

Assets Of Fiduciary Acconts As Of December 2013

Deposits With

Banks

CDs Issued By BDL

TBs

Traded Fin.

Instruments

Other Investments

Revenues

Receivable

Unrealised Current

Revenues

Deposits With Special Instructions

95%

Deposits Under Discretionary

Investment

4%

Non Distributed Revenues1%

Charges & Managing Fees Due

0%

Liabilities Of Fiduciary Accounts As Of December 2013

Deposits With

Special Instructions

Deposits Under

Discretionary

Investment

Non Distributed

Revenues

Charges &

Managing Fees Due

Unrealised Current

Revenues



Name of the Financial

Institution

Deposits

with BanksTBs

Traded Fin.

Papers

Credits &

Loans

Provisions

for Doubtful

Debts

Other

Investments

Revenues

Receivable

Unrealised

Current

returns

Fund

Investments

TOTAL (In millions of LBP) 44,619 21,110 611,027 - - - - 676,757

Individual &

Companies

Accounts

Public

Sector

Revenues

Bks &

Fin.Instit.Acc

ounts

Non

Distributed

Revenues

Charges &

Managing

Fees due

Decrease in

Sources of

Funds

677,167 - 125 616 9 (1,159)

ajouter tablo


676,757

Sources of Funds

Managed Funds As Of December 2013: Liabilities' Side

December 31, 2013

Assets & Liabilities Of Managed Funds

Name of the Financial Institution

Managed Funds As Of December 2013: Assets' Side

TOTAL (In millions of LBP)

Deposits with Banks7%

TBs3%

Traded Fin. Papers90%

Managed Funs As Of December 2013Assets' Side

Deposits with Banks

TBs

Traded Fin. Papers

(100,000)

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

Individual & Companies

Accounts

Bks & Fin.Instit.Accounts Non Distributed Revenues Charges & Managing

Fees due

Decrease in Sources of

Funds

Managed Funds As Of December 2013Liabilities Side Individual &

Companies

Accounts

Bks &Fin.Instit.Accounts

Non Distributed

Revenues

Charges &

Managing Fees

due

Decrease in

Sources of Funds



Interest Revenues

Commission Revenues

Financial Operations' Revenues

Operating Revenues

Interest Expenses

Commisions' Expenses

Financial Operations Expenses

Operating Administrative & General Expenses

Net Interest Profit

Net Commission Profit

Net Financial Operations Income

Revenues

Expenses

Net Profit


79,647

94,713

14,856

12,734

97,586

101,408

32,255

30,522

86,260

95,234

Dec. 2008 Dec. 2009 Dec. 2012

Profit & Loss Statements (In Millions Of LBP)

Profit & Loss Items

Dec. 2010 Dec. 2011

December 31, 2013

14,906

220,865

167,283

54,971

62,386

4,763

19,607

32,327

10,093

80,479 100,539

53,582

85,812 109,316

106,329 99,085

25,081 29,116

21,486 33,765

60,806

257,800 274,187

37,683

32,237 17,136

17,632 19,940

7,449 9,176

233,416

67,662 49,591

190,138 224,596192,481

40,935

124,176

64,382 63,591

74,092 81,949

32,809

82,619

15,272

18,825

25,929

107,101

76,409

2,990

28,919

22,094

3,824

264,234

239,394

24,840

34,109

18,789

28,431

113,834

-100

-50

0

50

100

150

200

0

15

30

45

60

75

In M

illio

ns

Of LB

P

In P

erc

en

tag

e

Financial Institutions' Profit Growth

Net Profit

Growth Of Profit

Rate (%)

0

50,000

100,000

150,000

200,000

250,000

300,000

In M

illio

ns

Of

LBP

Financial Institutions' Revenues Distribution

Operating Revenues

Financial Operations

Revenues

Commission Revenues

Interest Revenues

0

40,000

80,000

120,000

160,000

200,000

240,000

In M

illio

ns

Of

LBP

Financial Institutions' Expenses Distribution

Operating

Administrative &

General Expenses


Expenses

Commisions Expenses

Interest Expenses

0

40,000

80,000

120,000

160,000

200,000

In M

illio

ns

Of

LBP

Financial Institutions' Profit Distribution

Net Income From


Net Profit From

Commission

Net Profit From

Interest




Expenses/ Revenues 75.74% 73.75% 82.46% 90.60% 81.91%

Net Profit/ Capital 43.35% 28.43% 18.93% 10.90% 18.44%

Average Return On Assets (ROA) 4.25% 4.66% 2.54% 1.50% 2.62%

Average Return On Equities (ROE) 12.80% 15.63% 10.60% 5.64% 9.39%


December 31, 2013

Measures Of Profitability

Measures Of Profitability (In Millions Of LBP)

0

5

10

15

20

In P

erc

en

tag

e

Measures Of Profitability

Av. Return On

Assets

Av. Return On

Equities



Year 2011 % of Total Year 2012 % of Total Year 2013 % of Total

Values Of Bought Shares By Financial Institutions 85,654,078 16.52% 53,943,890 13.21% 73,615,729 19.62%

Values Of Sold Shares By Financial Institutions 86,998,902 16.88% 57,892,346 14.17% 56,841,071 15.15%

Total Values Executed At BSE 515,359,818 408,509,305 375,160,803

Bought Solidere Shares By Investment Banks 157,938,290 30.65% 92,554,992 22.66% 43,513,373 11.60%

Bought Solidere Shares By Financial Institutions 68,493,198 13.29% 40,458,465 9.90% 29,975,973 7.99%

Bought Other Shares By Investment Banks 271,767,448 52.73% 262,010,247 64.14% 258,031,702 68.78%

Bought Other Shares By Financial Institutions 17,160,879 3.33% 13,485,602 3.30% 43,639,756 11.63%

Sold Solidere Shares By Investment Banks 166,188,317 32.25% 94,757,986 23.20% 40,940,300 10.91%

Sold Solidere Shares By Financial Institutions 60,243,172 11.69% 38,255,470 9.36% 32,549,046 8.68%

Sold Other Shares By Investment Banks 262,172,605 50.87% 255,858,972 62.63% 277,379,433 73.94%

Sold Other Shares By Financial Institutions 26,755,723 5.19% 19,636,877 4.81% 24,292,024 6.48%


December 31, 2013

Financial Institutions' Participation At The Beirut Stock Exchange

Financial Institutions Participation At The Beirut Stock Exchange (Figures Are In USD)

0

500

1,000

1,500

2,000

Va

lue

s In

Mil

lio

ns

Of U

SD

Financial Institutions' Participation At Beirut Stock Exchange

FI Total Buying

Activities At BSE

FI Total Selling

Activities At BSE

Total Activities At

The BSE

0

20

40

60

80

100

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13

Va

lue

s In

Mil

liio

ns

Of U

SD

Distibution Of Buy Operations Between Financial Institutions & Investment Banks In 2013

Bought Other Shares By

Financial Institutions

Bought Other Shares By

Investment Banks

Bought Solidere Shares By


Bought Solidere Shares By

Investment Banks

0

20

40

60

80

100

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13

Va

lue

s In

Mil

liio

ns

Of U

SD

Distibution Of Sell Operations Between Financial Institutions & Investment Banks In 2012

Sold Other Shares By


Sold Other Shares By

Investment Banks

Sold Solidere Shares By


Sold Solidere Shares By

Investment Banks

0

20

40

60

80

100

In P

erc

ent

ag

e

Buying Vs Selling At The Beirut Stock Exchange

% Of FI Total

Buying Activities

At BSE

% Of FI Total

Selling Activities

At BSE



Assets Capital Credits FI FA MF

1 Arab Finance Corporation S.A.L. 4th 4th 11 2nd

2 Commercial Investment Company S.A.L

5 Credit Commercial et Foncier S.A.L 7 7 14 5th 3rd

6 Sogelease Liban S.A.L 14 14 4th

7 Financial Investment Corporation S.A.L 15 15 23

8 Société Financière du Liban S.A.L 8 8

9 BEMO Securitisation S.A.L 14 14

10 Fidus S.A.L 7 7 2nd

11 Capital Investment Services S.A.L 7 7 22

12 Lebanon Invest S.A.L 3rd 3rd 8

13 Gulf Finance & Investment Co.S.A.L. 14 14 15

14 Libano Francaise Finance S.A.L 7 7 1st

15 Paribas Limited S.A.L

16 G.T.Asseily & Co. S.A.L. 14 14

17 Saradar Investment House S.A.L 14 14

18 Financial Funds Advisor International S.A.L

19 Middle East Capital Group S.A.L 5th 5th 6 1st

21 Credit Commercial de France S.A.L. (CCF)

22 Allied Business Investment Corporation S.A.L. 14 14 5th

23 B.L.C. Finance S.A.L. 7 7 3rd

24 Halaoui Investment Trust S.A.L. 12 12 16

25 Finance Center Corporation S.A.L.

26 Credit Financier S.A.L. 7 7 7 6

27 Kafalat S.A.L. 2nd 2nd 18 4th

28 Capital Finance Company S.A.L. 4th 4th 3rd

29 Solifac S.A.L. 13 13 1st

30 Creditcard Services Company S.A.L.

31 Mawared S.A.L. 14 14 10 2nd

32 Credit Trust S.A.L. 4th 4th

33 Saudi Lebanese Financial Investment Corporation S.A.L.

34 Mena Capital S.A.L. 14 14 24

35 HSBC Financial Services (Lebanon) S.A.L. 14 14

36 Capital Investment Corporation S.A.L. 12 12 13

37 BOB Finance S.A.L. 14 14

38 Amwal Invest S.A.L.

39 AMEX (Middle East) B.S.C. (Closed) 14 14

40 Credit Financier Invest S.A.L. 14 14 21

41 International Finance Company Lebanon S.A.L. 1st 1st 5th

42 Credit Suisse (Lebanon) Finance S.A.L. 14 14

December 31, 2013

Banque Du Liban:

No Name of the Financial InstitutionRanking for

Part III - Financial Institutions Ranking

Yearly Ranking For December 2010

43 Investa Financial Planning Services S.A.L. 14 14

44 Credit Agricole Suisse (Liban) Financial Services S.A.L. 14 14

45 SFB BNP Paribas S.A.L. 14 14

46 Bogofinance S.A.L. 14 14 3rd 4th

47 Al Mustasmer S.A.L. 12 12 20 1st

48 Credilease S.A.L. 14 14 9

49 Ameen S.A.L. 9 9 12

50 EFG-Hermes Lebanon S.A.L. 6 6

51 MedSecurities Investment S.A.L. 7 7 9

52 Overseas Financial Group S.A.L. 11 11

53 LCB Finance S.A.L. 7 7

54 Outlook Finance S.A.L. 12 12 19 2nd

55 Financial Management Enterprises (FME) Capital S.A.L. 14 14

56 Iris Capital Securities (I.C.S.) S.A.L. 14 14 17

57 Ahli Investment Group S.A.L. 8 8 7

58 ECE Capital S.A.L. 14 14

59 Levantum S.A.L. 14 14

60 Amana Capital S.A.L. 10 10

61 CSC Finance S.A.L. 7 7 8

62 Excillis Finance S.A.L.

63 Alpha Capital Management S.A.L.

64 Mena Invest S.A.L.

65 Emkan Finance S.A.L.

66 Lucid Investment Corporation S.A.L.

FI=Financial Intermidiations

FA=Fiduciary Accounts

MF=Managed Funds

SECTION ONE - PART III - PAGE 1-FI



assets capital credits FI FA MF

1 Arab Finance Corporation S.A.L. 17 5th 10 3rd


5 Credit Commercial et Foncier S.A.L 27 7 19 6 5th

6 Sogelease Liban S.A.L 13 14 5th

7 Financial Investment Corporation S.A.L 36 11



10 Fidus S.A.L 3rd 7 3rd


12 Lebanon Invest S.A.L 20 3rd 7

13 Gulf Finance & Investment Co.S.A.L. 37 14 16

14 Libano Francaise Finance S.A.L 4th 7 1st





19 Middle East Capital Group S.A.L 6 4th 4th 1st


22 Allied Business Investment Corporation S.A.L. 38 14 10

23 B.L.C. Finance S.A.L. 8 7 2nd

24 Halaoui Investment Trust S.A.L. 21 12 15

25 Finance Center Corporation S.A.L. 8

26 Credit Financier S.A.L. 10 7 7 5th

27 Kafalat S.A.L. 5th 2nd 21 4th

28 Capital Finance Company S.A.L. 2nd 5th 2nd

29 Solifac S.A.L. 1st 13 1st


31 Mawared S.A.L. 15 14 12 1st 2nd

32 Credit Trust S.A.L. 11 5th








40 Credit Financier Invest S.A.L. 16 14 25

41 International Finance Company Lebanon S.A.L. 12 1st 6



Banque Du Liban:

December 31, 2013


43 Investa Financial Planning Services S.A.L. 40 14 20 2nd



46 Bogofinance S.A.L. 52 14 7

47 Al Mustasmer S.A.L.


49 Ameen S.A.L. 24 10 13



52 Overseas Financial Group S.A.L.


54 Outlook Finance S.A.L. 53 12 23 4th


56 Iris Capital Securities (I.C.S.) S.A.L. 39 14 18 4th

57 Ahli Investment Group S.A.L. 42 8 3rd


59 Levantum S.A.L. 49 14 6


61 CSC Finance S.A.L. 7 7 8

62 Excillis Finance S.A.L. 50 14 17

63 Alpha Capital Management S.A.L. 34 22 3rd 8

64 Mena Invest S.A.L. 41 14 9

65 Emkan Finance S.A.L. 26 14 11

66 Lucid Investment Corporation S.A.L. 8



MF=Managed Funds





1 Arab Finance Corporation S.A.L. 19 6 163rd 2nd


5 Credit Commercial et Foncier S.A.L 29 8 21 5th 5th

6 Sogelease Liban S.A.L 16 17 9

7 Financial Investment Corporation S.A.L 44 14 27 11



10 Fidus S.A.L 4th 8 3rd


12 Lebanon Invest S.A.L 23 4th 8

13 Gulf Finance & Investment Co.S.A.L. 53 17 244th 10

14 Libano Francaise Finance S.A.L 6 6 1st





19 Middle East Capital Group S.A.L 7 5th 4th 1st



23 B.L.C. Finance S.A.L. 20 8 151st 4th 2nd

24 Halaoui Investment Trust S.A.L. 28 15 25 4th


26 Credit Financier S.A.L. 11 8 11 6

27 Kafalat S.A.L. 5th 2nd 19 3rd

28 Capital Finance Company S.A.L. 2nd 6 2nd



31 Mawared S.A.L.

32 Credit Trust S.A.L. 9 6








40 Credit Financier Invest S.A.L. 25 17 262nd



Banque Du Liban:

December 31, 2013



43 Investa Financial Planning Services S.A.L. 39 8 69






49 Ameen S.A.L. 24 12 13


51 MedSecurities Investment S.A.L. 8 8 6 7



54 Outlook Finance S.A.L.


56 Iris Capital Securities (I.C.S.) S.A.L.

57 Ahli Investment Group S.A.L. 37 105th 3rd


59 Levantum S.A.L.


61 CSC Finance S.A.L. 3rd 8 10

62 Excillis Finance S.A.L. 41 17 17 6

63 Alpha Capital Management S.A.L. 42 8

64 Mena Invest S.A.L. 36 11 22 7


66 Lucid Investment Corporation S.A.L. 17 7

67 Ibda'a Microfinance S.A.L. 34 9 18

68 Lebanese Leasing Company S.A.L. 10 3rd 5th

69 Optimum Invest S.A.L. 33 7

70 Lucid Investment Corporation S.A.L. 13 7 23



MF=Managed Funds





1 Arab Finance Corporation S.A.L. 19 5th 16 2nd 1st


5 Credit Commercial et Foncier S.A.L 30 8 21 6 7

6 Sogelease Liban S.A.L 15 16 8

7 Financial Investment Corporation S.A.L 47 13 12



10 Fidus S.A.L 2nd 8 3rd


12 Lebanon Invest S.A.L 24 4th 9

13 Gulf Finance & Investment Co.S.A.L. 48 8 24 11

14 Libano Francaise Finance S.A.L 8 5th 1st





19 Middle East Capital Group S.A.L 5th 5th 5th 2nd 2nd



23 B.L.C. Finance S.A.L. 16 6 13 1st 4th 3rd

24 Halaoui Investment Trust S.A.L. 31 14 23 14


26 Credit Financier S.A.L. 11 8 9 5th

27 Kafalat S.A.L. 6 2nd 20 3rd

28 Capital Finance Company S.A.L. 3rd 5th 2nd



31 Mawared S.A.L.

32 Credit Trust S.A.L. 9 5th








40 Credit Financier Invest S.A.L. 26 6 25 3rd 10 5th



Banque Du Liban:

December 31, 2013



43 Investa Financial Planning Services S.A.L. 39 8 6 9






49 Ameen S.A.L. 18 11 11





54 Outlook Finance S.A.L.


56 Iris Capital Securities (I.C.S.) S.A.L.

57 Ahli Investment Group S.A.L. 49 9 4th 4th


59 Levantum S.A.L.

60 Amana Capital S.A.L. 43 12 7

61 CSC Finance S.A.L. 4th 8 10

62 Excillis Finance S.A.L. 41 16 17 8

63 Alpha Capital Management S.A.L. 44 8

64 Mena Invest S.A.L. 45 8 22 6


66 Lucid Investment Corporation S.A.L. 27 6

67 Ibda'a Microfinance S.A.L. 28 7 14

68 Lebanese Leasing Company S.A.L. 10 3rd 4th

69 Optimum Invest S.A.L. 34 6

70 Lucid Investment Corporation S.A.L. 20 6 18 5th

71 Union Bancaire Privée Finance S.A.L. 32 6

72 Centuria Capital S.A.L.



MF=Managed Funds


section one - lebanese financial institutions1].pdf · financial markets handbook financial markets...

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