B.L.C. BANK S.A.L (FMO-55362)

  • Lebanon
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 11, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 6.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 6.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Feb 13, 2019

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Project Description

According to bank information, FMO's Trade Finance Limit supports BLC Bank in its objective to expand its financial services to SME and corporate clients and become a bank of reference in this segment. By taking away country and counterparty risk, it allows the bank to build and maintain relationship with international banks.

Investment Description
  • Netherlands Development Finance Company (FMO)
Financial Intermediary
Private Actors
Private Actors Description

BLC Bank S.A.L. is a Lebanese Joint Stock Company based in Beirut, Lebanon. It was incorporated in 1950 as a family-owned bank, making it one of the oldest banks in Lebanon. The bank and its subsidiaries are primarily involved in investment, corporate and retail banking across Lebanon and Cyprus. The corporate banking segment offers credit facilities, project finance and payroll services to corporate and institutional clients. The retail segment offers deposit accounts, insurance products and loans. The private banking segment offers capital guaranteed products, equities, f/x and bond trading. The bank operates a network of over 50 branches across Lebanon. BLC Bank is particularly active in SME and women lending in Lebanon and gradually became a bank of reference in the retail sector with innovative consumer products. Its "We Initiative" program provides the bank with a competitive edge in the women lending segment in Lebanon. Fransabank SAL is the ultimate parent of the Bank with 68.58% of shares. BLC Bank's subsidiaries are BLC Finance (98.99%), BLC Services (90.67%) and USB Bank - Cyprus (99.25%). The bank's shares are listed on the Beirut Stock Exchange.

Contact Information

*Contact information not provided at the time of disclosure*


Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism