About ABL

A- Resistance of the banking sector in the face of huge crises

During the past fifty years, Lebanon, the Arab region and the whole world witnessed a series of great crises, with a military, a security, a political, a financial or an economic character. The banking sector has proven, for many times and throughout half a century, its capacity to assimilate the shocks, of any level of strictness whatsoever, and to face the challenges, thus becoming an example of resistance and immunity to follow suit. You will find below a quick reminder of the major events and crises Lebanon has witnessed since the beginning of the sixties of the past century and those the Association of Banks in Lebanon and the banking sector in Lebanon were confronted with, with wisdom, shrewdness, solidarity, vision and clear-sightedness, in cooperation and coordination with the concerned official authorities, in order to preserve the rights of shareholders and investors in the present sector, on the one hand, and the rights of the depositors and the national economic interests, on the other hand.
A- Resistance of the banking sector in the face of huge crises
  • 1966
    Intra Bank crisis on October 16

  • 1967
    The Six-Day War, June 6

  • 1975-1977
    The Two-Year War

  • 1982-1988
    The Israeli invasion and the accelerated fall on the economic, security and political levels, esp. the deterioration of the exchange rate of the Lebanese Pound

  • 1988-1990
    Division of the Lebanese State during the era of the two governments

  • 1993
    The Israeli aggression (the Seven-Day War), July

  • 1996
    The Israeli aggression (The Grapes of Wrath Operation), April

  • 2005
    The assassination of Prime Minister Rafic Hariri in February 2005, and the ensuing series of assassinations which targeted several intellectuals and politicians and explosions targeting many regions, residential areas, and commercial and industrial institutions in the country

  • 2006
    The Israeli aggression on Lebanon in July

  • 2008
    The global financial and economic crisis: September

B- The Contribution to the Consolidation of the State's authority and to the Attenuation of the Misery of the Lebanese

B- The Contribution to the Consolidation of the State's authority and to the Attenuation of the Misery of the Lebanese
  • 1996
    Contribution of the ABL of an amount of 4.5 million USD in the Fund of the High Relief Council to attenuate the effects of the Israeli aggression, April

  • 1997-2000
    Yearly contribution of the ABL, over several years (1997-2000), of an amount of 50 thousand USD, in a campaign in support of the South and the Western Bekaa

  • 1998
    Contribution of the ABL to the economic institutions in a campaign in support of the month of sales organized by the Ministry of Trade and Economy, February

  • 1999
    Contribution of the ABL amounting to 4 million USD to the national campaign to face the effects of the Israeli aggression, June

  • December 1999 - January 2000
    Contribution of the ABL to “Lebanon 2000” campaign (the beginning of the third millennium)

  • 2001
    Contribution of the Association to the support of the activities of the “National Commission for the commemoration of March 14, April 18 and May 25” under the patronage of His Excellency Nabih Berry, May

  • 2003-2005
    Contribution of the Banks of an amount of 3.6 billion USD representing 10% of their total deposits closing at the end of October 2002, under the form of two-year bonds, at 0% interest, within the program of Paris II Conference, for debt restructuring. This contribution, as the contribution of the Banque du Liban (Central Bank) and the donating countries, had a clear impact to reduce the public debt between 2003 and 2005.

  • 2005
    Contribution of the Association and the banks to a unified fund created by the economic institutions to support institutions damaged by explosions, following the assassination of Prime Minister Rafic Hariri in February 2005. The banks’ contributions to this fund amount to two million USD, constituting the largest share of the total donations offered to this fund.

  • 2005
    Contribution of the Association to the financing of the campaign “revitalizing the capital”, in the downtown of Beirut, June

  • 2007
    Contribution of the Association to the financing of the campaign of the “one-hundred-day truce”, in cooperation with the economic institutions, June

  • 2007
    Contribution of the Association and the banks with an amount of two million USD to the support of the Lebanese Army in counter-terrorism and the consolidation of stability, following the incidents in Nahr Al Bared, July

  • 2009
    Contribution of the Association and the banks with an amount of 4 million USD to support the program of “Akhdar Dayem” Association aiming at protecting the forestry and buying fire-fighting helicopters, February

  • 2014
    Contribution of the Association and the banks with an amount of 6 million USD to support the rehabilitation plan of Roumieh prison, June