Election of the Chairman of the Board of Directors of the Bank of Beirut as President of the Association of Banks in Lebanon

Mr. Salim Sfeir, Chairman of the Board of Directors of the Bank of Beirut, was unanimously elected President of the Association of Lebanese Banks, the main badociation of the banking sector in Lebanon. With a major mission to effectively promote the interests of the Lebanese banking sector, the Association has contributed significantly to policy discussions and legislation, especially those related to the financial sector.

Following his election, Mr. Sfeir outlined the Association's strategy for the coming years, stating that its objectives would be to increase its presence as an influence on economic, financial and fiscal policies, to complement the organizational structure within the Association and to improve coordination with the Governor of the Central Bank of Lebanon.

Mr. Sfeir has been Chairman and Chief Executive Officer of the Bank of Beirut since 1993. Since then, Mr. Sfeir has played an active role in leading the Bank of Beirut in a period of prosperity and recession and has established its position. current leader and bank widely recognized in Lebanon and in the region.

He holds a BA in Economics from the University of Montreal and a Masters of Business Administration from the University of Detroit. Mr. Sfeir has received numerous awards, including in April 2014, an honorary doctorate in business administration and business sciences from Holy Spirit University – Kaslik, Lebanon. In 2017, he received an honorary doctorate in human sciences from the Lebanese American University.

The Bank of Beirut, one of the leading commercial banks, has five branches in the Sultanate of Oman. It has been ranked as one of the best banks in terms of total badets and profits, and occupies a leading position in the local, regional and international markets.

The Bank of Beirut offers a wide range of personal and commercial banking services in all its branches in Al Ghubra (Al Ghubra branch and head office), at Al Qurum beach, Mojaz Muscat and in Sohar. In addition, the bank has more than 70 branches throughout Lebanon and subsidiaries in Australia, the United Kingdom and Germany, a branch office in Cyprus and representative offices in the United Arab Emirates, Nigeria and Ghana.