BBAC is participating in Lebanon Motor Show 2010 which  is held from April 8 to 18, 2010 at Biel. BBAC considers the Motor Show to be the ideal platform for increasing consumer awareness of the bank,  promoting its car loan scheme as well as building and strengthening its relationship with the dealers in the motor vehicle industry.  During the Motor Show, BBAC staff will provide assistance and information on the bank’s highly competitive car loan offers and will analyze clients’ needs and help them to choose the financing solution that is best suitable for them.

BBAC s.a.l. held its annual gathering ceremony on the occasion of New Year and in honor of its staff on January 16, 2010 at the Emirates Hall in Habtoor Grand Hotel – Beirut. The celebration was attended by Chairman General Manager of BBAC, Sheikh Ghassan Assaf, Board of Directors of BBAC, Senior Managers and Heads of Sections and Branches, the Bank staff in Lebanon and abroad, and representatives of its subsidiaries. The gathering ceremony has become a BBAC annual tradition to consolidate the social relations and to promote the spirit of one family within the bank.

International Bank Account Number (IBAN) is a standard account number which is developed within the framework of European Union Regulations. The main purpose of IBAN is to facilitate automatic processing of money transfers, prevent delays and any extra costs due to the use of wrong account numbers in money transfers. IBAN was created to facilitate electronic banking transfers through the clear and precise indication of the beneficiary account number in transfer orders. IBAN has also allowed sender banks to verify the validity of the provided beneficiary account number.  In countries that use IBAN, an IBAN is generated for each of the bank account numbers. It includes the two check digits which are calculated with a specific mathematical algorithm. When a customer, who intends to make a payment transfer, gives the beneficiary’s IBAN to the sender bank, the sender bank will validate the check digits of IBAN before the payment transfer reaches the beneficiary’s bank. Therefore if the beneficiary’s IBAN is incorrect, the payment transfer will be stopped before transmitting it to the beneficiary’s bank. IBAN mandatory for all money transfers in LebanonThe implementation and the use of IBAN for all domestic and international money transfers will begin on January 1st, 2010 and will become mandatory starting July 1st, 2010 according to Banque du Liban Regulation No. 10120 dated April 14, 2009.From this date, money transfers that do not include the beneficiary’s IBAN will not be accepted thus resulting in a delay for the receiver of the funds and, in some cases, rejection. IBAN Structure  IBAN is an alphanumeric sequence used internationally to uniquely identify each individual bank account of a client. The length and structure of the IBAN vary between countries, provided it must have a fixed length of no more than 30 digits and a Bank Identifier in a fixed position. The length, format and elements of the remaining part are determined by the country itself. The Lebanese IBAN consists of a compound number of 28 alphanumeric digits and is demonstrated in the following example: Example of IBAN:- BBAC Account number: 011 - 123456 - 007- Paper Representation of IBAN:   IBAN LB12 0028 0000 0000 0011 2345 6007- Electronic Representation of IBAN:   LB12002800000000001123456007 IBAN for BBAC clients:All clients holding accounts with BBAC are assigned an IBAN for each account.  Your IBAN is shown on the account statements, which you receive periodically.If you do not already know your IBAN you may contact your branch to obtain details.  For more information, please phone BBAC call center 04 727 747.    

It is with great honor that BBAC announces that it is the first bank to have welcomed a mother to open accounts for her minor children. The proud mother, Mrs. Barbara Shahin Batlouni, who is the Country Director of AMIDEAST, opened accounts for her two minor children, Samer and Jad, at BBAC Central Branch in Clemenceau-Beirut.    In the presence of Sheikh Ghassan Assaf, Chairman General Manager of BBAC, members of the AMIDEAST, members of the IPW-Institute of Progressive Women, BBAC managers and staff members, who were later invited to enjoy a welcome reception in commemoration of this occasion. Sheikh Ghassan Assaf presented a gift to Mrs. Batlouni from BBAC, which is an amount of $ 1000 deposited in the bank accounts of her two sons. 

With BBAC BDL housing loan, your dream house could be all yours at a low competitive interest rate of  4.2%* fixed for the first year! In collaboration with Banque du Liban (BDL), BBAC BDL housing loan is granted in LBP to Lebanese residents and non residents who are looking to purchase their first house or apartment. The loan repayment period varies between 7 years and 15 years with up to 2 years grace period. Apply Now*Offer valid for 3 months.

Bank of Beirut and the Arab Countries (BBAC) recently funded one of the six scholarships distributed by the Bader Young Entrepreneurs Program. The $20,000 endowed scholarship was granted to Salim Hachem allowing him to offset the expenses of studying Business Administration at the American University of Beirut (AUB).

In collaboration with Banque du Liban (BDL), BBAC educational loan is provided to those applying to higher education institutions (academic and technical) in Lebanon and abroad with a repayment period of up to 10 years starting one year from the student's graduation date. Thanks to BBAC educational loan, the only thing you need to "pay" attention to is... studies! APPLY NOW

For the mere fact that financial barriers should never stand in the way of a student's education, BBAC offers BBAC educational loan dedicated to helping you pursue your education purposes by making university funding very simple. In collaboration with Banque du Liban (BDL), BBAC educational loan is provided to those applying to higher education institutions (academic and technical) in Lebanon and abroad with a repayment period of up to 10 years starting one year from the student's graduation date. Thanks to BBAC educational loan, the only thing you need to 'pay' attention to is….studies! APPLY NOW

BBAC has launched a new website to assist all BBAC plastic cardholders to gain knowledge and complete understanding of BBAC plastic cards benefits and features. The website is directly accessible at www.bbacbank.com/plasticcards or plasticcards.bbacbank.comThe website is highly attractive where visitors will be able to surf through the bank's different type of plastic cards, compare their benefits and get introduced to the bank's latest released electronic services while those interested can apply for BBAC plastic cards by simply filling the bank's online application.

BBAC sal and USJ (Université Saint Joseph) agreed on to offer all USJ students a tailored BBAC appliance loan to buy a new laptop.USJ students willing to benefit from the offer can apply online.APPLY NOW

Through a simple phone call away, BBAC call center will take care of all your urgent and personal inquiries. Just dial 04-727747 and BBAC call center's representatives will be ready to help you out 24/7 with any banking queries you may have, such as, supplying you with precise and up-to-date information about BBAC products and services, receiving your claims and providing you with clarifications about BBAC plastic cards and BBAC online banking service. And recieving any general complaints, comments, suggestions and feedback.

BBAC gathers BBAC diamond cardholders to express its gratitude for their loyalty and support that are boosting BBAC's continuous growth. During the event that was held at the Gefinor Rotana Hotel on Tuesday 21st of April 2009, a draw has taken place in which the names of 2 diamond stones winners have been announced. Moreover, over than 135 precious diamond jewelry items were distributed as rewards for the points gathered by cardholders throughout the year of 2008. BBAC thanked the attendees for their participation in the event wishing them a productive and awarding year.

As part of its Corporate Social Responsibility program (CSR), BBAC, represented by its Sheikh Ghassan T. Assaf Chairman and General Manager accompanied with Mr. Ramzi Abi Fares, Head of Marketing and Business Development, visited Minister Ziad Baroud, Minister of Interior Affairs, and donated $100,000 to "Akhdar Dayem" fund Campaign; being BBAC's share in reforesting Lebanon and its depleted forests. Through such donations, BBAC aims at providing the country with a healthy environment that serve in line with the bank's slogan "Care works better than words".

BBAC has celebrated its annual lunch gathering at Biel Pavilion on the 31st of january 2009. This event incitement by BBAC's board of directors aspires to create a culture of unity and solidarity in the bank. As accustomed, this lunch which hosted Musician Jihad Akl and Stand Up Comedy by Carla and Tony Abu Jawdeh was a joyous time to pay tribute to the BBAC staff and cadre who have served this institution for 30 years and an opportunity to share insights for the year 2009.

BBAC has officially inaugurated its representative office in Abu Dhabi, UAE at a special ceremony in the presence of a large number of personalities representing the UAE authorities, including the Minister of State for Foreign Affairs and Minister of State for National Council’s Affairs Dr. Anwar Gargash, the former Minister of Environment, the Head of Banks Control and Inspection Service Mr. Saleh Alaou representing the Governor of the Central Bank, as well as the Lebanese Ambassador Mr. Fawzi Fawaz, the Lebanese Consul, a selection of the bank’s main customers, and many social and media actors.

BBAC has launched its annual mechanic guide for 2009 which includes a detailed schedule of the required information about the mechanic procedures, the engagement date per class and its relative charges. This schedule applies to all private owned vehicles, cars and motorcycles.

For the third year in a raw BBAC s.a.l. the Bank of Beirut and the Arab Countries has sponsored the Global Classrooms/LAU Model UN. The ceremony took place at the LAU campus, under the patronage of the Culture Minister Tammam Salam and in the presence of a crowd of deputies, ambassadors, professors and interested personalities.

BBAC s.a.l. Bank of Beirut and the Arab Countries recently sponsored the postgraduate projects for the MBA students in the Faculty of Business Administration and Finance in La Sagesse University. The sponsoring of "Fekra 2" project A sequel to "Fikra 1" done last year under the auspices of the President of Sagesse University, Monsignor Joseph Merhej comes in line with BBAC’s efforts to highlight the creativity and capacities among promising young people.

BBAC s.a.l. Bank of Beirut and the Arab Countries recently sponsored the Second Student Film Festival on the premises of NDU. The sponsoring of the Second Film Festival comes in line with BBAC’s efforts to highlight the creativity and capacities among promising young people who will positively affect the future of the Film industry in Lebanon.

BBAC recently launched the “BBAC green fund” for a very inspirational cause. BBAC is fundraising to donate a financial contribution to “Akhdar Dayem” Campaign launched by the Ministry of Interior Affairs. For this cause BBAC has opened two accounts 0002-4377711-201 in LBP and 0002-437711-202 in USD for donation  at any BBAC branch because what you send out will come back to you.

BBAC  opens a new branch in Sin El Fil BBAC s.a.l. Bank of Beirut and the Arab Countries announced the launch of its operations in its new branch located at Al Hayek cross road in Sin El Fil. The step comes in line with the bank’s expansion plan to build up its local presence by enhancing its channels across the country. The branch is a state of the art banking facility where all customers’ financial requirements are met by a team of top banking professionals.

BBAC s.a.l. Bank of Beirut and the Arab Countries has exclusively agreed with RIA (money remittance) to become RIA’s local correspondent for all money transfer operations. RIA which is the ownership of Euronet operates 4,300 branches in 85 countries and is the second largest money transfer company in the world.

BBAC s.a.l. Bank of Beirut and the Arab Countries announced the motion of its operations at Shahhar - Kabr Chmoun branch to its new location. The step comes in line with the bank's plan in enhancing its channels across the country, and accordingly with the development of the banking industry and in efforts to cater best to customer needs. The branch is a state-of-the-art banking facility where all customers’ financial requirements are met by a team of top banking professionals. As customers’ comfort is high on BBAC’s priority list, this initiative confirms once again BBAC’s slogan “Care works better than words.”

BBAC the sponsor of the 3rd global classrooms LAU Model UN high school conference and after escorting the high school delegates through their eight training sessions, was present during the closing ceremony on the 4th of May 2008 at the Unesco Palace to congratulate students for their diplomatic performance and role-play as the ambassadors from UN member states. Chairman Sheikh Ghassan Assaf gave a speech in which he emphasized BBAC's slogan "Care works better than words", indeed we care about all the youth of Lebanon, and they might be our only hope for a better tomorrow!

BBAC has upgraded its ATM switch to offer new more advanced and user friendly services. In addition to the cash withdrawal and balance inquiry options, BBAC has adopted new services such as mobile recharge, checkbook request, money transfer, statement request and printing of mini statement of the bank's account.  

BBAC has upgraded its online banking service to a new more advanced, secure and user friendly system which is to be offered to all BBAC customers for free. The new online banking offers several features such as checking account balances, checkbook request and money transfer... To apply to the service you are required to fill in the BBAC online banking application form online.

BBAC has launched its annual mechanic guide for 2008. The guide is a detailed schedule which includes all the required information about the mechanic procedures, the engagement date per class and its relative charges. This schedule applies to all private owned vehicles, cars and motorcycles. Please click Here to view the mechanic fees and schedule for 2008.

BBAC announced the launch of its operations in the new branch located at the Independence Avenue in Ashrafieh.  The step comes in line with the bank's expansion plan to build up its local presence through enhancing its channels across the country. The branch, which is the second in the Ashrafieh area, is a state-of-the-art banking facility where all customers’ financial requirements are met by a team of top banking professionals.

In parallel with the firm’s continuous commitment in addressing the market and customers’ needs, BBAC has recently announced the launch of two new products, the BBAC travel loan and the BBAC jewelry loan. The BBAC travel loan is mainly a distinctive loan set to ease the customers’ planning for a vacation getaway or a business trip. As for the BBAC jewelry loan, it is arranged for all those who are eager to express their passion for elegance and originality in a graceful piece of jewelry, whether for themselves or for their beloved.

For the second year in a row, BBAC has taken part as the main local sponsor for the 3rd global classrooms LAU Model UN high school conference. Global Classrooms is a program of the United Nations Association of the United States of America (UNA-USA). Through Global Classrooms, students study through 8 training sessions global issues and take part in Model United Nations – an academic experience that allows participants to role-play as ambassadors from UN member states.

With BBAC credit cards cash back feature the more you spend, the more you save! Every month 1% of your total purchases from any point of sale using BBAC credit cards will be refunded on your statement. BBAC continuous its efforts to provide the best services for its customers following the bank's slogon "Care works better than words".

For the reason that you are the investment for hope, evolution and a bright future, BBAC brings about BBAC school loan with a limit up to 3000$ each year at a ZERO interest rate, and BBAC university loan with a limit up to 5000$ yearly for four consecutive years at a competitive interest rate in tune with the respective loan currency. In addition to the above two products' several benefits, BBAC offers free BBAC transparent card and BBAC internet number with the products. BBAC keeps its promise to its clients following the bank’s slogan: “Care works better than words”!

BBAC has recently launched the BBAC Kunhadi card, a MasterCard co branded charge/credit card that gives all the advantages a credit card can offer and which is aimed at raising funds to increase awareness on the hazards of reckless driving. With every purchase made, 1% cash back in addition to a substantial part of the price of the card is donated to escalate the sense of responsibility of drivers on all roads of Lebanon. BBAC Kunhadi card is the card that cares for your safety.

BBAC has recently contracted with CBM, the business partner of IBM in Lebanon and Pexim of Belgrade, Serbia to acquire and implement a full business intelligence solution joining the IBM BDW, latest Banking Data warehouse. This solution will be implemented in two phases covering most of the data warehouse.Through such projects, BBAC is intending to pursue innovative and pioneering initiatives to offer the best services in line with the bank’s slogan: “Care works better than words”.

BBAC has launched BBAC beauty loan, which is intended for plastic, cosmetic and reconstructive surgeries. A loan amount ceiling of $3,000, refundable by maximum 2 years is prepared to include important benefits to add flair to your life. With BBAC beauty loan you are entitled to benefit from a full range of discounted products and services provided by our elite partners. Furthermore, with the BBAC beauty loan, BBAC offers many interesting and useful free banking services and products.

BBAC has launched BBAC wedding account, which serves as a deposit account for gifts meant for the newly wed bride and groom. With BBAC wedding account you are entitled to benefit from a full range of discounted products and services provided by our elite partners addressing all your matrimonial needs. Furthermore, with the BBAC wedding account, BBAC offers many interesting and useful free banking services and products. BBAC sponsoring LAU events.

For the third consecutive year, BBAC has taken part as the only sponsor for the “AUB Virtual Stock Exchange Competition”. BBAC was present during the opening of the event and in the end of the event on the 9th of May, 2007 at the West Hall at AUB. During the ceremony BBAC distributed five awards for the top five winners for a total of 3,000$. The winners were selected based on their investment strategies by the jury which included representatives of BBAC and AUB professors. BBAC continuous its efforts to support and care for the youth of Lebanon following the bank’s slogan “Care works better than words”.

BBAC the only local sponsor for the 2nd global classrooms LAU Model UN high school conference and after escorting the high school delegates through their eight training sessions, was present during the opening conference and in the closing ceremony on the 29th of April 2007 at the Unesco Palace to congratulate students for their diplomatic performance and role-play as the ambassadors from UN member states. Chairman Sheikh Ghassan Assaf gave a speech in which he emphasized BBAC's slogan "Care works better than words", indeed we care about all the youth of Lebanon , and they might be our only hope for a better tomorrow!

On the occasion of the festive season and into the New Year, BBAC distributed jewelry prizes to women who utilized their BBAC diamond card to do purchases. They received diamond studded jewelry after successfully collecting the required number of points through purchases made on their card. Through such precursor initiatives and diversified activities, BBAC keeps its promise to its clients following the bank’s slogan: “Care works better than words”!

BBAC has launched a series of account deposits. Characterized with their luring interest rates and countless offers, BBAC silver account, BBAC gold account, BBAC platinum account, BBAC infinite account.

BBAC s.a.l has released a new VISA card in collaboration with the Children Cancer Center in Lebanon, labeled BBAC CCCL card.There are several characteristics to this card, in addition to being internationally accepted as a credit card, the revenues of this card go to the Children Cancer Center in Lebanon.