1953 | Establishment of the bank
The Bank is incorporated as Banque Belgo-Libanaise sal, a partnership between Michel Sehnaoui & Sons, Banque Belge pour l’Etranger and Compagnie Belge de Banque et de Gestion
1969 | SGLEB
Société Générale acquires a 25% stake in Banque Belgo-Libanaise, establishing Société Générale Libano-Européenne de Banque sal (SGLEB).
1991 | Société Générale increases its shareholding
Société Générale purchases the shares of Société Générale de Banque-Bruxelles in Lebanon and Cyprus. Société Générale’s stake in SGLEB rises to 50%.
1996 | Sogelease Liban sal is established
Sogelease Liban sal (financial institution specialized in leasing) is incorporated as a subsidiary of SGLEB.
1999 | Acquisition of Fidus
The Bank acquires a majority stake in Fidus sal, a leading financial institution in Lebanon, that specializes in brokerage, consulting, and portfolio management.
2000 | Regional and domestic growth
SGLEB is the first banking institution in Lebanon to enter the Jordanian market by acquiring a 37.3% stake in the Middle East Investment Bank (MEIB) and taking control of its management.
SGLEB acquires Inaash Bank sal.
Sogecap sal, a subsidiary specialized in life insurance activities, is incorporated.
2001 | SGLEB becomes SGBL
Société Générale Libano-Européenne de Banque sal becomes Société Générale de Banque au Liban sal (SGBL).
The Bank starts an offshore branch in the free zone in Syria.
Centre de Traitement Monétique (CTM), a card processing company, is established by the Bank (50%) and Banque Libano-Française (50%).
2002 | SG Cyprus starts onshore activities
SG Cyprus, the Bank’s sister company, starts operating as an onshore bank.
2003 | Société Générale de Banque – Jordanie
SGBL becomes the majority shareholder of MEIB; the subsidiary’s name becomes Société Générale de Banque – Jordanie (SGBJ).
2006 | Sehnaoui Group raises its share in SGBL
Despite the ongoing strategic partnership binding SGBL to Société Générale, Société Générale France deconsolidates its Lebanese subsidiary’s accounts from Société Générale Group. In this framework, Sehnaoui Group increases its shareholding from 50% to 81%.
2007 | Antoun Sehnaoui is appointed Chairman and CEO
The Bank´s board of directors appoints Antoun Sehnaoui as the new Chairman and CEO of SGBL, following a redistribution of shares among the Sehnaoui family members.
2009 | Acquisition de Société Générale Cyprus
La SGBL acquiert une part majoritaire dans le capital de Société Générale Cyprus qui devient Société Générale Bank – Cyprus (SGBCy).
2010 | SGBL pursues its regional expansion
In 2009, SGBL acquires a majority stake (57.7%) in Société Générale Cyprus which becomes Société Générale Bank – Cyprus (SGBCy). This stake is raised to 100% in 2010.
In 2010, SGBL raises its stake in SGBJ, its Jordanian subsidiary, to 85%.
2011 | Acquisition of certain assets and liabilities of the Lebanese Canadian Bank (LCB)
SGBL acquires certain assets and liabilities of the Lebanese Canadian Bank, thus strengthening its position among the top rated banks in Lebanon.
This operation is in line with SGBL Group’s development strategy in Lebanon and abroad, and ensures SGBL strong operational synergies, particularly in the interconnection of its network, as well as the complementarity of its products and clients, whether individuals, companies or institutions.
2017 | Liberty International Bank (LIB)
Opening of Liberty International Bank (LIB), the Group’s subsidiary in the financial free zone Abu Dhabi Global Market
2017 | Agreement with KBL European Private Bankers
SGBL signs an agreement with KBL European Private Bankers (KBL epb) concerning the acquisition by SGBL of KBL Richelieu bank in France and KBL bank Monaco.
Establishment of the bank
Société Générale increases its shareholding
Acquisition of Globe Bank sal
Sogelease Liban sal is established
Acquisition of Banque J. Geagea sal
Acquisition of Fidus
Regional and domestic growth
SG Cyprus starts onshore activities
Société Générale de Banque – Jordanie
Sehnaoui Group raises its share in SGBL
Antoun Sehnaoui is appointed Chairman and CEO
SGBL pursues its regional expansion
Acquisition of certain assets and liabilities of the Lebanese Canadian Bank (LCB)
Liberty International Bank (LIB)
Agreement with KBL European Private Bankers