Presentation of the group
FRANSABANK is the heiress in direct line of one of the first banks installed in Lebanon : the land credit of Algeria and Tunisia which opened a branch in Beirut in 1921.
Over the decades, the bank has transformed into a banking and financial group with around ten subsidiaries specializing in retail banking, project studies, financing structuring, investment banking, leasing, bancassurance and real estate.
The FRANSABANK group is now present in Lebanon, France, Sudan, Ivory Coast and Algeria.
In addition to these direct locations, FRANSABANK has a very large network of correspondents, including most of the major international banks.
The financial power, dynamism and modernity of the FRANSABANK Group are likely to provide decisive support for greater and faster development of its subsidiaries.
Fransabank SAL shareholder:
- CEDARS I 39.81%
- CEDARS II 39.81%
- Deutsche Investitions und Entwicklungsgesellschaft mbh (DEG) 5.00%
- Al-Fadl Holdings Limited – Saudi Arabia 2.70%
- The Public Institution for Social Security – Kuwait 2.00%
- Other (less than 2% each) 10.68%
Fransabank SAL brings together some twenty subsidiaries and associated companies in banking, commercial, real estate, insurance and services:
The Fransabank Group maintains close relations with its institutional shareholders:
Deutsche Investitions Und Entwicklungsgesellschaft mbh (German Investment and Development Company) DEG – Germany:
DEG was acquired by Kreditanstalt für Wiederaufbau KfW, one of the largest German development and investment banks whose capital is wholly owned by the German state. DEG holds 5% of the share capital of FranDeutsche Investitions Und Entwicklungsgesellschaft mbh (German Investment and Development Company) DEG – Germany:
The Public Institution for Social Security – Koweit:
It holds 2% of the share capital of Fransabank SAL.
BPCE Group – France:
In July 2007, the Caisse d’Epargne Group, via Financière Océor, and Fransabank came together with a view to developing and implementing Financière Océor’s support for the Fransabank Group’s international development strategy. In this context, Financière Océor took a 40% stake in the capital of Fransabank (France) SA, the French subsidiary of the Fransabank Group.
In August 2009, Groupe Caisse d’Epargne and Banque Fédérale des Banques Populaires merged to form the second largest banking group in France, BPCE.