Carole Saad

First National Bank Lebanon

First National Bank S.A.L. is among the leading banking institutions operating in Lebanon, classified among the alpha group banks, with a nationwide network of 26 branches & 15 standalone ATM's covering major areas in Lebanon. The bank's headquarters is located in the heart of Beirut's Central District. Founded in 1994, FNB conducts commercial, retail, finance & investment banking activities throughout the Middle East by offering a wide range of innovative products & banking services. The acquisition of FNB Capital (previously Middle East Capital Group Ltd - MECG) in 2008 & FNB Finance (previously Capital Finance Company s.a.l. - CFC) in 2010 boosted & enhanced the development of the group's network which created opportunities worldwide & in the MENA region. FNB currently owns 98.9% of FNB Capital's shares and 100% of FNB Finance's shares. These subsidiaries have enriched the Group's activities in the marketplace. Additionally, in June 2014 the European Investment Bank & FNB signed a partnership agreement whereby EIB will be a holder of preferred shares with an option to become Common Shareholders within the coming 7 years. To enhance its accountability, FNB has adopted a code of conduct defining superior professional ethics. One of these changes involved a new corporate governance structure that provides an effective coordination between senior management autonomy and board control. Accordingly, the board has delegated a number of assignments through the creation of committees to increase culpability, transparency & internal controls. In an effort to improve its services, the bank is in process of developing advanced banking technology with a highly qualified & motivated workforce; FNB's employees are at the disposal of our clients in an endeavor to provide proficient service. By end of 2014, FNB acquired Corporate Finance House Group, which provides specialist financial advisory services for debt & equity private placements.