Beiruting News

On the occasion of its 30^th anniversary in Cyprus, BBAC (Bank of Beirut and the Arab Countries) celebrated the inauguration of its new branch premises in Limassol in the presence of the President of the Republic of Cyprus Mr. Nicos Anastasiades, BBAC's Chairman and General Manager Sheikh Ghassan Assaf, the Governor of the Central Bank of Cyprus Mrs. Chrystalla Georghadji, the Governor of the Central Bank of Lebanon Mr. Riad Salameh represented by his Vice-Governor Dr. Saad Andary and a number of prominent economic, political, diplomatic and social figures, as well as customers and BBAC employees.

The branch was moved to a new spacious bank-owned building with a modern and unique design, in order to expand services and products and to serve the largest number of customers in a private and comfortable atmosphere, according to the highest level of delicate service. The relocated branch was provided with all modern facilities in accordance with the development plan implemented by the bank, which aims to upgrade all its branches in order to give customers a more distinctive banking experience.

In his speech, BBAC's Chairman and General Manager Sheikh Ghassan Assaf said: "For decades the people of Cyprus and Lebanon have continuously built bridges of cooperation that resulted in stronger political, cultural and social ties. At BBAC, we are proud to be the builders of one of those bridges that has stood strong for 30 years, and with today's inauguration of our new premises, we are set to continue for decades to come, our cooperation and partnership with the people of Cyprus."

He added: "The new premises which we celebrate today is the result of cooperation between Cypriot and Lebanese architects and has been built in a spirit that reflects the deep bonds among our people, especially as both people have proved the ability to face difficult times and to overcome challenges successfully and continue to move forward."

Finally, Sheikh Assaf thanked the BBAC staff that served throughout the bank's 30 years presence' in Limassol for their hard work and loyalty and reiterated his deep appreciation to the President of the Republic of Cyprus, Mr. Nicos Anastasiades for his presence and support to BBAC's new pace, which is a milestone in the list of the achievements of the bank. He also thanked the guests for attending the event and their confidence in BBAC, and reaffirmed the promise that BBAC will remain "Your Caring Bank".

In addition to the new breakthrough in Cyprus, BBAC is preparing for the opening of two new branches in Basra and Sulaymaniyah, Iraq, in addition to its existing branches in Erbil and Baghdad. It is worth mentioning that the bank has a representative office in the United Arab Emirates (Abu Dhabi) and is preparing to open a new one in West Africa (Nigeria-Lagos).

The bank also has an extensive domestic branches network comprised of 39 branches dispersed throughout various Lebanese regions, with the opening of the latest branch in Hazmieh. BBAC also plans to inaugurate new branches in the near future.