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Time Line

  • 1961

    Inception by the Obegi Family of Credit Libanais sal

  • 1973

    Launching of BEMO Europe in Brussels

  • 1976

    Opening of BEMO Europe in Paris

  • 1982

    Opening of BEMO Europe in Luxembourg

  • 1985

    The Obegi Group sold its shares in Credit Libanais sal and maintained its banking presence through BEMO Europe in Paris, Brussels, Luxembourg, and Cyprus.

  • 1993

    Setting up of the “Etablissement Financier Bemo SAL“ in Lebanon which became Bemo Securitisation sa (BSEC) in 2002. Currently 96% of BSEC shares are owned by Banque BEMO sal

  • 1994

    Acquisition of a medium-size Lebanese commercial banking institution and changing its denomination to BEMO- Banque Européenne pour le Moyen- Orient Sal (currently Banque BEMO Sal)

  • 1999

    Listing of Banque BEMO sal shares on the Beirut Stock Exchange

    Banque de l’Europe Meridionale ceases its activities in Brussels and concentrates its European activities through Paris and Luxembourg, emphasizing on offering to its clients customized Private Banking services

     

  • 2003

    Joint venture between Banque BEMO sal in Lebanon and Banque Saudi Fransi / KSA for the establishing of the first privately owned commercial bank in Syria: “Banque Bemo Saudi Fransi sa” ( BBSF)

    Banque Saudi Fransi acquires 10% of Banque BEMO sal shares and becomes a member of Banque BEMO‘s Board of Directors

     

  • 2006

    New joint venture between BEMO group and Oddo et cie for the launching of BEMO ODDO INVESTMENT FIRM LTD – Dubai  

    June 1st: Issuance of USD 20 million preferred shares          

     

  • 2008

    May 28: Moody’s Investors Service Limited assigns Aa2.lb/LB-1 National Scale Ratings ( NSRS)

  • 2009

    May 30:  Issuance of  USD 40 million  Subordinated Bonds 

  • 2011

    April: Capital increased by LBP 46 Billion to  reach LBP 62.2 Billion out of which LBP 30 Billion through cash injection

    November 26: Banque Saudi Fransi /KSA is no more member in Banque BEMO’s Board of Directors

     

  • 2013

    October 2013: Acquisition of 50% additional equity stake in BEMO ODDO INVESTMENT FIRM LTD bringing its ownership interest to 75% and changing denomination to become BEMO INVESTMENT FIRM LTD - DUBAI

    December 2013: Issuance of USD 35,000,000 preferred shares perpetual and redeemable bearing interest on a non cumulative basis at an annual rate of 7% 

  • 2014

    December 2014: Issuance of USD 25,000,000 Subordinated Bonds of 6 years tenor bearing a fixed annual rate of 6% payable semi-annually 

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