Société Générale de Banque au Liban SAL

Société Générale de Banque au Liban SAL (SGBL) is a prominent player in the international banking industry, catering to over 300,000 clients with a workforce of 2,161 employees across 91 branches in Lebanon, Jordan, Cyprus, UAE, and Europe. The group offers a comprehensive range of banking services tailored to individual and corporate customers, focusing on retail banking, corporate banking, investment banking, and private banking. Additionally, it provides specialized financial services through its affiliated companies, including wealth management, financial brokerage, financial leasing, life insurance, and credit card processing. Established in 1953, SGBL embarked on an international expansion by acquiring Banque Richelieu France, Banque Richelieu Monaco, and Richelieu Gestion in July 2018, thereby enhancing its platform for private banking and asset management. The aggregate amount of assets under management of these companies is valued at US$ 3.6 billion. SGBL's stronghold is fortified by Compagnie Financière Richelieu, fully owned by SGBL, which manages this new platform. With its robust presence and strategic acquisitions, SGBL demonstrates a promising trajectory within the finance, financial services, and banking sectors, positioning itself as a strong contender for potential investors seeking opportunities in the global banking market.