banksoflebanon-blog

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Supported Loans

Because SMEs are the driving force of the Lebanese economy, BBAC Bank is proposing a plan to help increase the effectiveness of SME banking. It's all about the period you assembled new business equipment that would truly surge output and expand the competence of your company and employees. Therefore, it's time to inspect fixed asset financing.

One of the most vital matters facing SMEs is their trouble retrieving finance. BBAC works to improve the financing situation for small businesses in Lebanon. If your business has good potential covering tourism, agriculture, industry, traditional crafts or high-tech with an adequate annual turnover but your asset value does not meet the requirements of financial institutions, you may be eligible for up to fifteen billion Lebanese Pounds or its equivalent in US Dollars or EURO through the loan guarantee arrangement. Usually, SMEs find it harder to be able to get bank loans than large companies; instead, they depend on internal funds, or cash from friends and relatives, to start and primarily run their businesses. A fundamental key BBAC work for is to improve SMEs’ access to finance and catch innovative resolutions to reveal bases of capital.

Our method is all-inclusive, uniting consultative and lending facilities to clients to increase the connection that SMEs can make to the economy.

In line with its direction to offer working capital, BBAC Bank will support your business with SME loans while financing up to 80% of the project cost. A successful track record of at least one or more years within the same business industry has to be submitted supported by reliable financial reports.

You can apply for the supported loan, by visiting any of BBAC branches where our customer service representatives will be ready to help you with your queries. For more information, visit our website: https://www.bbacbank.com/banking/business/sme-banking/supported-loan-lebanon

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Grow Your Wealth with Our Private Banking

At BBAC, we take time to fully understand the needs and desires of our clients and the acute phases in the progress of their financial aims.

Wealth development is a growing sequence and includes more than building individual choices about investments, loans or incomes. By gaining a full perspective of each customer’s needs, we guarantee that a strategy is put in place to meet the client’s vital financial intentions. Most importantly, will be the devoted bond of the administrator who works with customers to comprehend their temporary and lasting banking and investment financial requirements.

Our proficiency – your welfares

Besides our answer to your personal needs, the achievement of our complete consultative approach is based on our many years of knowledge in all parts relating to wealth. We are a recognized companion for investment guidance and asset organization.

When you need somebody to take care of your finances, we recognize that dependability and consistency are significant. That’s the reason why all of our customer care is cautiously handled by a team that knows you and your financial records. Our purpose is for you to discover a sound tactic for your properties with a capable companion at your side.

Regardless of how you decide to engage, the emphasis of our advice is continuously on your needs and objectives. Our credit experts can amend protected credit answers against numerous asset sorts and domiciliary properties. We also recognize that customers need experts who can not only clarify the varieties available, but also make them mindful of any possible risks involved.

Embrace the idea that your money is capitalized correctly and that a professional is at your side to give you rounded guidance that fits your requests. If you have an inquiry or need support, we advise you to contact us in order to arrange a direct meeting. You can also visit our website: https://www.bbacbank.com/treasury-and-investment/private-banking

[banksoflebanon-blog]

Supported Loans                

Because SMEs are the driving force of the Lebanese economy, BBAC Bank is proposing a plan to help increase the effectiveness of SME banking. It’s all about the period you assembled new business equipment that would truly surge output and expand the competence of your company and employees. Therefore, it’s time to inspect fixed asset financing. One of the most vital matters facing SMEs is their…

[banksoflebanon-blog]

Grow Your Wealth with Our Private Banking

Grow Your Wealth with Our Private Banking

At BBAC, we take time to fully understand the needs and desires of our clients and the acute phases in the progress of their financial aims. Wealth development is a growing sequence and includes more than building individual choices about investments, loans or incomes. By gaining a full perspective of each customer’s needs, we guarantee that a strategy is put in place to meet the client’s vital…

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The Major Benefits of Commercial Property Loans

There are numerous means that you can go about increasing your properties for the upcoming. One reliable way that specialists in the commerce use is gaining real property. There is a lot of authority after possessing property, and it can expose many new opportunities. In order to be able to secure the property that you want, you must recognize the fundamentals about commercial property loans.…

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Conveying Distinction in Corporate Banking

Corporate banking is an important action of banks worldwide and a major reason for the banking industry existence. Ordinance has employed added financial loads on banks, growing their financial supply necessities and functioning costs and menacing the finances of corporate banking. While there are strong pressures visible across this sector, corporate banks determined to persist the prime…

[banksoflebanon-blog]

The Major Benefits of Commercial Property Loans

There are numerous means that you can go about increasing your properties for the upcoming. One reliable way that specialists in the commerce use is gaining real property. There is a lot of authority after possessing property, and it can expose many new opportunities. In order to be able to secure the property that you want, you must recognize the fundamentals about commercial property loans. Here are a few supportive pieces of information from BBAC about how you can go about gaining the correct loan for your requirements.

BBAC creditors look for many diverse issues when considering you for loan approval. One of the major areas that will be discovered is your private credit previous history. Your mark orders every financial choice that you anticipate to create in life. Delay your investment until you have the right credit score. Once you do, you are benefiting from better interest rates from your creditor. After you have recognized your credit history, it can be a smart idea to start growing a business plan which is pretty simple. First, you must research for the commercial property you are hoping to buy, counting the data adjoining the preceding jobs that have functioned out of the space and any possible concepts you can perceive for the upcoming. Carrying this strategy to your lender is a safe way to show that you are a capable and accountable individual. You need to show that you recognize what you are doing with your asset. This will help you get the commercial property loans that you have been waiting for.

Investing in properties is an astonishing approach for you to improve your finances. Before you climb the ladder, do plenty of research and make certain that your credit is permitted, then begin expressing a business strategy for the property you wish to possess. Finally, you will obtain commercial property loans that will match your investment desires.

You can apply for the Commercial property loan, by visiting any of BBAC branches where customer service representatives will be at your service and ready to help you with your inquiries. For more information about the commercial loan, kindly visit:

www.bbacbank.com/banking/business/sme-banking/commercial-property-loan-lebanon

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Conveying Distinction in Corporate Banking

Corporate banking is an important action of banks worldwide and a major reason for the banking industry existence.

Ordinance has employed added financial loads on banks, growing their financial supply necessities and functioning costs and menacing the finances of corporate banking. While there are strong pressures visible across this sector, corporate banks determined to persist the prime supplier of core corporate banking services to the actual economy. To remain pertinent, corporate banks need to carry distinction across the market to protect their mandatory place from new arising competitors. This account forms the best performance which BBAC is implementing.

The corporate banking sector is a key element for most banks and it caters for a wide variety of clients, extending from small to medium sized businesses. It offers many products and services including Loans and other credit products, cash management services, commercial properties including real asset analysis, letters of credit and retirement plans. Corporate banking known as business banking and investment banking facilities have been presented for many years by most banks.

The corporate banking sector at BBAC, strives to advance the country's economy and examine carefully the projects and economic units that it finances to make sure of their feasibility. It provides its customers with the appropriate resolutions for their investment needs and provides loan facilities to meet the budget needs of the rising businesses. BBAC believes that economic likelihood is important to support international economic wellbeing.

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Greening your Environment Boosts your Business

BBAC is determined to support green businesses in their mission to reduce gas emission and save energy. That’s why BBAC offers the eco business loan for greater eco efficiency. The loan can be issued for all eco-friendly enterprises in Lebanon aiming at applying green architectural projects, garden reshaping, recycling and renewing energy. Whether you want to Install high performance lighting,…

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BBAC Trade Finance Benefits the Global Economy

At BBAC, we offer continuous provision to enable international trade realization, so that you can achieve the demands of a worldwide business environment. BBAC has played an important role in global trade links in Lebanon and beyond. This service means that BBAC offers a wide experience, expertise and sustenance that businesses need in order to expand their trade in the international market. The…

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Greening your Environment Boosts your Business

BBAC is determined to support green businesses in their mission to reduce gas emission and save energy. That’s why BBAC offers the eco business loan for greater eco efficiency.

The loan can be issued for all eco-friendly enterprises in Lebanon aiming at applying green architectural projects, garden reshaping, recycling and renewing energy. Whether you want to Install high performance lighting, upgrade your electrical equipment with more efficient ones or replace your vehicle which is perceived to consume lot of fuel, all of these help you achieve a greener business thus enhancing it as well.

BBAC supports you in financing your eco projects and hence by starting to save energy. BBAC eco business loan offers a lot of advantages including:

·        A favored interest rate

·        Funding up to 100% of your capital advancements

·        Flexible reimbursement terms for better cash flow management

 BBAC eco business loan offers an extended repayment period over 10 years without any commission or fees. This decreases your monthly imbursement amounts allowing you to meet your expectation in terms of monthly energy saving plan. Therefore, you can choose any of the solutions or projects to save energy without worrying about burdening charges on your budget.

BBAC is a development-oriented bank which finds interest in raising awareness and engages in eco-friendly activities, while always looking for green and viable companies to help them with a funding, which does support the development of their business aiming toward sustainability.

Nonetheless, all these actions are set in accordance with social, ethical and environmental standards.

Supremely, by financing an investment with BBAC eco loan, you will get to improve the image of your business, as one that works responsibly, with quality and ultimate care for the environment.

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BBAC Trade Finance Benefits the Global Economy

At BBAC, we offer continuous provision to enable international trade realization, so that you can achieve the demands of a worldwide business environment.

BBAC has played an important role in global trade links in Lebanon and beyond. This service means that BBAC offers a wide experience, expertise and sustenance that businesses need in order to expand their trade in the international market. The bank’s inclusive services and products consist of: import and export finance, Letters of Credit and guarantee, vendor support, discount of trade bills as well as documentary and clean collection. BBAC’s professional team is always at the customers’ service in order to benefit their company’s development while supporting their import and export needs.

The trading series is constructed upon BBAC’s finance services; hence this guarantees that the business cycle is always covered and secured. Import and export businesses are helped by securing their methods of payments in their international trade through maintaining an open account for importers as an option with the least risk since all the payments aren’t made unless the goods are received. Documentary collections are a second payment option for importers since payments are prompted upon documents covering the goods. Moreover, a letter of credit is issued by the bank to facilitate the safe transactions and payments of goods among importers and exporters.

Within its foremost role, BBAC cares for achieving all benefits around the circle of its trade finance sector. It assures that all risks are alleviated by facilitating growth of business development and increasing the working capital as well as the profit margins while fulfilling all orders within a better cash stream management.

Trade finance allows working with diverse businesses and suppliers which surges competition and pushes efficiency in the local and global markets.

BBAC acts as a great motorist of economic development and helps maintain the flow of credits with its trade finance specialized and dedicated team. It strives to offer the best facilities to businesses while representing the majority share of financial institutions globally.

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The Importance of the Banking Sector in Lebanon

Banks worldwide have a vital role in the financial system and the economy of the country. The latter becomes more resourceful once the financial services offered by the bank are well-organized and managed properly while achieving the intermediate relationship between the saver and the borrower.

BBAC strives to assign finances from savers to borrowers powerfully, in order to establish itself as a key component of the financial system. It was always deemed to function as a prime leader and essential sector amidst a tough economy. Thus, maintaining the “livelihood” status of all the economic activities through storing deposit from the population and transforming it into credit. This operation falls under the phenomenon of funds markets. BBAC recognizes its valuable presence and effect on the stability of Lebanon. Due to this fact, it highly performs in harmony by sharing money with states, people, households and businesses in a guaranteed way. Several factors are listed consecutively to explain the weight of the banking sector upon the economy and the whole country. BBAC plays a key role as being a liaison, or mediator in the financial system. Banks have three essential values:

·       Banks are a safe place, where people can keep their money, which in turn banks give interest on. Individuals would face a huge risk if there were no banks existing, which in fact would raise danger once people feel that their money isn’t secured or safeguarded.

·       People nowadays are thankful for the use of electronic cards. All their payments are easily done online and they don’t have to use cash which implies that banks are dealing out daily more card payments, online transfer, debits, etc.

·       A Foremost factor in boosting the economy further, is issuing loans. Banks make life much easier and more promising by providing loans to increase investments and enhance the trade and industry sector respectively.

Banks in Lebanon grease the wheels which allow the economy to keep running. Hence, the economy would come to an end without the presence of the banks, which perform the act of magnetizing money and conceding credit. What stands as risky is when people are obliged to have to pay for everything with hard cash, instead of saving it somewhere safe. BBAC bank pioneers towards achieving the in-between, otherwise people would have to borrow from each other individually which would make transactions between them very dear; one must think carefully of the charge he’d have to bear in order to settle a contract with a borrower.

Also, the investor would face a risky situation, if the borrower isn’t able to reimburse him. In this case, the former would be defeated and lose all his money. Whereas the bank can definitely deal with such situations, in case some people couldn’t pay their loans, which the bank lent them and investors won’t be affected. What constitutes a prime factor of the banking sector is the fact of diminishing risks facing customers. Scrutinizing and running risks are both the prime goal of BBAC which has firm regulations always ready to solve any type of risks that might come to surface, whether social, economic or environmental.

Generally, banks have a main reason behind their big potential of handling transactions efficiently, which is known as ‘balance’. Therefore, they are able to smoothly run all their operations and overcome losses. The balance that banks have helps them face risks because they have many clienteles, which won’t affect the amount of money stored by the bank, even if investors would normally remove their savings. However, it is worth mentioning that in order for the economy to keep moving, some risks are inevitable to maintain the growth. If entrepreneurs cease taking risks, the economic sector would certainly fail.

BBAC is currently one of the fastest growing not only in the Middle East region but worldwide. It promises the constant implementation of sound measures towards financial development and overall economic stability of Lebanon and other countries. With these few observations, it goes without saying that BBAC plays a prominent role in the banking industry and promises continued prosperity in the years to come, not only in Lebanon but also in the continent.

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Banking Loans leverage the Country's Economy

Banking is not only about doing business. It is about improving the economy by financing promising projects hence creating benefits by providing more employment opportunities and pushing forward the wheel of economy in the country.

Banks provide facilities such as housing loans, education loans and other types of loans to people by which they can achieve their dreams and even realize the supplies which also play a fundamental part in pushing the economy forward.

There are many ways BBAC bank plays an essential role in influencing the economy. It is the incorporation of a bank which is very strong and which constitutes a strong pillar of the financial market. One of the Major roles BBAC plays is being a financial intercessor lending to those who suffer shortage of money, supporting their developments. BBAC also provides financial consultancy for individuals and business projects. This allows people to enrich various businesses by providing them with a pool of money to borrow for their entrepreneurial endeavors.

Basically, banks help the economy by allowing money to flow easily and BBAC is a good example of how a bank can have a positive effect in that area. For instance, the Lebanese real estate and housing sector have known a decent growth and stability over years which wouldn’t have happened without the local bank community.

"BBAC bank is here to help you have a presence in your market and create new ideas giving business owners advices through investment strategies" says Mr. Ghassan Assaf, Chairman General Manager.

 About BBAC

  Ever since it was recognized, Bank of Beirut and the Arab countries BBAC has been offering a wide range of services since 1956, flowing through its broad network worldwide. The bank runs a full range of funding and commercial services to individuals and businesses that include Corporate and Commercial Banking, Trade Finance, Retail Banking, Private Banking, Treasury and Capital Markets and Bancassurance.

[banksoflebanon-blog]

The Importance of the Banking Sector in Lebanon

Banks worldwide have a vital role in the financial system and the economy of the country. The latter becomes more resourceful once the financial services offered by the bank are well-organized and managed properly while achieving the intermediate relationship between the saver and the borrower. BBAC strives to assign finances from savers to borrowers powerfully, in order to establish itself as a…

[banksoflebanon-blog]

Banking Loans leverage the Country's Economy

Banking Loans leverage the Country’s Economy

Banking is not only about doing business. It is about improving the economy by financing promising projects hence creating benefits by providing more employment opportunities and pushing forward the wheel of economy in the country. Banks provide facilities such as housing loans, education loans and other types of loans to people by which they can achieve their dreams and even realize the supplies…

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Personal Accidents Insurance

In life, no matter how careful you may be, accidents can happen, often when you least expect it.  If you are not adequately insured, it could leave you in financial ruin. With this insurance, you can safeguard your financial security in the event of a personal accident, and continue supporting those who depend on you. We all suffer from accidents, it is the way that life works, however we do not…