All BBAC branches are open from May 4 to 8 for individuals and companies with urgent matters

Dear valued clients, all BBAC branches will open for individuals and companies on Monday, May 4th to Friday, May 8th, 2020, from 8:30 a.m. to 12:00 noon, to cater to urgent banking operations only with a pre-booked appointment by calling the branch, taking into consideration the safety measures and precautions followed by the bank.

Our Online and Mobile Banking services remain at your disposal, as well as our ATMs for deposits and withdrawals. Our Customer Care team is also available around the clock on 1296 from Lebanon or 00961-1-366 921 from abroad.

We wish you safety, always.

عملائنا الأعزاء، تفتح جميع فروع  BBAC أبوابها لإستقبال الأفراد والشركات من الإثنين ٤ أيار إلى الجمعة ٨ أيار، ٢٠٢٠، من الساعة ٨:٣٠ صباحاً لغاية الساعة ١٢:٠٠ ظهراً، لتلبية الإحتياجات المصرفيّة الملحّة والطارئة فقط وذلك بحسب مواعيد مسبقة يتم تنسيقها من خلال الإتصال بالفرع، مع الأخذ بالاعتبار التدابير الوقائية المعتمدة.

هذا وتبقى خدماتنا المصرفية عبر الإنترنت والموبايل في خدمتكم كما أجهزة الصراف الآلي لعمليّات الإيداع والسحب النقدي، بالإضافة إلى مركز خدمة الزبائن المتوفر على مدار الساعة على ١٢٩٦ من داخل لبنان أو ٩٢١ ٣٦٦-١-٠٠٩٦١ من الخارج.

نتمنى لكم السلامة على الدوام.

Facilities to individuals and companies following the Lebanese Central Bank's circular 547

BBAC announces its initiative to grant exceptional loans to its clients, who already have loans, and who are unable to pay their dues for three months (March, April, and May 2020), due to the current circumstances related to the COVID-19 pandemic, and in line with intermediate circular No. 547 issued by the Lebanese Central Bank on March 23, 2020.

These exceptional loans include all loans granted to individuals and companies, including those supported by the Lebanese Central Bank, without accumulating any interest and for a maximum period of five years starting June 2020.

To benefit from these facilities, clients are kindly requested to call the 24/7 Customer Care center on 01-366 921 or the branch managers.

Kindly note that these facilities are subject to the approval of BBAC and the Lebanese Central Bank.

يعلن BBAC عن مبادرته بمنح قروض استثنائية لعملائه الذين يستفيدون من قروض ممنوحة سابقاً والذين لا يستطيعون تسديد مستحقاتهم لثلاثة أشهر (آذار ونيسان وأيار ٢٠٢٠) بسبب الاوضاع الراهنة جراء أزمة وباء كورونا المستجدة ، وذلك تماشياً مع التعميم الوسيط رقم ٥٤۷ الصادر عن مصرف لبنان بتاريخ ٢٣ آذار ٢٠٢٠.

تشمل هذه القروض الاستثنائية كافة القروض الممنوحة للافراد والشركات، بما فيها تلك المدعومة من مصرف لبنان، وذلك دون ترتيب أي فائدة ولمدة أقصاها خمس سنوات تبدأ من حزيران ٢٠٢٠.

للإستفادة من هذه التسهيلات، يرجى من العملاء المعنيين الاتصال بمركز خدمة الزبائن المتوفر على مدار الساعة على الرقم ٩٢١ ٣٦٦-٠١ او بمسؤولي الفرع.

يرجى أخذ العلم أن هذه التسهيلات تخضع لموافقة BBAC ومصرف لبنان.

BBAC & MIGA mark the first-ever issuance of MIGA’s capital guarantee in MENA

BBAC recently announced that MIGA (The Multilateral Investment Guarantee Agency), a member of the World Bank Group, has issued 67 million USD in guarantees to the bank to facilitate financing for Small and Medium-sized Enterprises (SMEs) by increasing its loan portfolio across BBAC branches in Iraq. The signing ceremony of the agreement took place at the BBAC Head Office, in the presence of BBAC and MIGA management.

“At 12%, Iraq has the lowest credit-to-GDP ratio in the MENA region, with only 9.3% directed at the private sector and toward meeting reconstruction needs”, BBAC Chairman & General Manager Ghassan Assaf said. “This guarantee allows us to expand our SME loans and trade finance activity in Iraq, which will help promote economic growth of the country”, he added.

From his side, MIGA COO & Vice President Vijay Iyer said: “We are pleased to provide MIGA’s Capital Optimization Guarantee to BBAC allowing them to grow their operations in Iraq, thereby supporting the financial sector in a fragile and conflict-affected country.”

BBAC started operations in Iraq in 2009 achieving significant results, and the bank is looking to expand its operations and grow its portfolio in Iraq. Nearly 19% of BBAC Iraq’s loan portfolio in the year 2018 supported SMEs, and close to 60% of exposure was in construction loans. MIGA’s guarantee will help BBAC mitigate the risk of expropriation of mandatory reserves that it maintains with the Central Bank of Iraq and extend more credit to SMEs and trade finance in the country.