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BBAC s.a.l. Bank of Beirut and the Arab Countries commenced in a special ceremony its new branch located at Sin el Fil- Hayek crossroad, three weeks past a similar chic inauguration for Achrafieh Istiklal branch and in parallel to several openings to come. The opening of the new branch comes in line with the bank's plan in enhancing its channels across the country, and accordingly with the development of the banking industry and in efforts to cater best to customer needs.
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BBAC s.a.l Bank of Beirut and the Arab Countries inaugurated in a special ceremony its new branch located at the Independence Avenue in Ashrafieh. BBAC's CEO Sheikh Ghassan Assaf welcomed customers and prominent religious, political and social figures and intermingled with the press in a warm reception. The new branch is another addition to the wide network of BBAC branches that covers all the Lebanese territory.
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BBAC announces the launch of its new account SMS alert service. The establishment of this service is intended to send short messages (SMS) free of charge to owners of the accounts payable on demand. This service aids account holders in tracing the operations conducted on their accounts.
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BBAC opens a new branch in Sin El Fil
BBAC s.a.l. Bank of Beirut and the Arab Countries announced the launch of its operations in its new branch located at Al Hayek cross road in Sin El Fil. The step comes in line with the bank’s expansion plan to build up its local presence by enhancing its channels across the country.
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BBAC s.a.l. Bank of Beirut and the Arab Countries has exclusively agreed with RIA (money remittance) to become RIA’s local correspondent for all money transfer operations. RIA which is the ownership of Euronet operates 4,300 branches in 85 countries and is the second largest money transfer company in the world.
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BBAC has always sustained an ongoing support of events that are at the heart of tourism in Lebanon. This year and as customary, BBAC sponsored the Beiteddine and Deir El Qamar Festivals. BBAC anticipates a promising summer season and hopes for Lebanon all the way through solidarity and commitment to welcome expatriates and tourists from all over the world.
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BBAC s.a.l. Bank of Beirut and the Arab Countries announced the motion of its operations at Shahhar - Kabr Chmoun branch to its new location. The step comes in line with the bank's plan in enhancing its channels across the country, and accordingly with the development of the banking industry and in efforts to cater best to customer needs.
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BBAC recently launched the BBAC expatriate housing loan for Lebanese citizens residing or working abroad with at least two years working experience. The loan amount is up USD 500.000 or the equivalent in Euros and covers up to 70 per cent of the value of residence in case of purchase and up to 60 percent in case of construction or renovation.
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BBAC has recently enhanced the conditions of BBAC housing loan to better suit the customer needs in the real estate market. BBAC has increased the loan amount to $500,000 adding on the top of it the house registration fees and extended the loan repayment period up to 30 years as a substitute of 20 years with a grace period of 18 months.
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BBAC the sponsor of the 3rd global classrooms LAU Model UN high school conference and after escorting the high school delegates through their eight training sessions, was present during the closing ceremony on the 4th of May 2008 at the Unesco Palace to congratulate students for their diplomatic performance and role-play as the ambassadors from UN member states.
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BBAC has upgraded its ATMs to a new more advanced and user friendly system which offers in addition to cash withdrawal and balance inquiry options several new services such as mobile recharge, checkbook request, money transfer, statement request and print mini statement of last ten transactions executed on your account.
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BBAC has taken part in the Forward 2008 forum for Orientation & Recruitment in Biel between 17/4/2008 and 20/4/2008. This motion fits perfectly in parallel with BBAC’s conviction in escorting all the young people towards a more promising future. BBAC offered the chance for young promising people to prove their competencies by applying for job vacancies in Retail, Audit, IT and Credit Divisions.
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BBAC Bir El Abed branch has relocated back into its original branch in Haret Hreik after finishing the reconstruction and remodeling of the branch, which was demolished during the war in July 2006. BBAC was, is and will always be rock-solid and certain that nothing can hinder the will of the Lebanese people to persist and prosper.
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BBAC has launched its annual mechanic guide for 2008. The guide is a detailed schedule which includes all the required information about the mechanic procedures, the engagement date per class and its relative charges. This schedule applies to all private owned vehicles, cars and motorcycles.
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BBAC has upgraded its online banking service to a new more advanced, secure and user friendly system which is to be offered to all BBAC customers for free. The new online banking offers several features such as checking account balances, checkbook request and money transfer... To apply to the service you are required to fill in the BBAC online banking application form online.
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BBAC announced the launch of its operations in the new branch located at the Independence Avenue in Ashrafieh. The step comes in line with the bank's expansion plan to build up its local presence through enhancing its channels across the country. The branch, which is the second in the Ashrafieh area, is a state-of-the-art banking facility where all customers’ financial requirements are met by a team of top banking professionals.
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In parallel with the firm’s continuous commitment in addressing the market and customers’ needs, BBAC has recently announced the launch of two new products, the BBAC travel loan and the BBAC jewelry loan. The BBAC travel loan is mainly a distinctive loan set to ease the customers’ planning for a vacation getaway or a business trip. As for the BBAC jewelry loan, it is arranged for all those who are eager to express their passion for elegance and originality in a graceful piece of jewelry, whether for themselves or for their beloved.
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For the second year in a row, BBAC has taken part as the main local sponsor for the 3rd global classrooms LAU Model UN high school conference. Global Classrooms is a program of the United Nations Association of the United States of America (UNA-USA). Through Global Classrooms, students study through 8 training sessions global issues and take part in Model United Nations – an academic experience that allows participants to role-play as ambassadors from UN member states.
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With BBAC credit cards cash back feature the more you spend, the more you save! Every month 1% of your total purchases from any point of sale using BBAC credit cards will be refunded on your statement. BBAC continuous its efforts to provide the best services for its customers following the bank's slogon "Care works better than words".
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BBAC has announced the launch of a new website to assist teenagers and young adults gain knowledge and complete understanding of banking products and services along with a comprehensive and up-to-date source of news and feature stories.The website is directly accessible at youth.bbacbank.com and www.bbacbank.com/youth
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For the reason that you are the investment for hope, evolution and a bright future, BBAC brings about BBAC school loan with a limit up to 3000$ each year at a ZERO interest rate, and BBAC university loan with a limit up to 5000$ yearly for four consecutive years at a competitive interest rate in tune with the respective loan currency.
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BBAC has recently launched the BBAC Kunhadi card, a MasterCard co branded charge/credit card that gives all the advantages a credit card can offer and which is aimed at raising funds to increase awareness on the hazards of reckless driving.
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BBAC has recently contracted with CBM, the business partner of IBM in Lebanon and Pexim of Belgrade, Serbia to acquire and implement a full business intelligence solution joining the IBM BDW, latest Banking Data warehouse. This solution will be implemented in two phases covering most of the data warehouse.Through such projects, BBAC is intending to pursue innovative and pioneering initiatives to offer the best services in line with the bank’s slogan: “Care works better than words”.
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BBAC has launched BBAC beauty loan, which is intended for plastic, cosmetic and reconstructive surgeries. A loan amount ceiling of $3,000, refundable by maximum 2 years is prepared to include important benefits to add flair to your life. With BBAC beauty loan you are entitled to benefit from a full range of discounted products and services provided by our elite partners. Furthermore, with the BBAC beauty loan, BBAC offers many interesting and useful free banking services and products.
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BBAC has launched BBAC wedding account, which serves as a deposit account for gifts meant for the newly wed bride and groom. With BBAC wedding account you are entitled to benefit from a full range of discounted products and services provided by our elite partners addressing all your matrimonial needs. Furthermore, with the BBAC wedding account, BBAC offers many interesting and useful free banking services and products.
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For the third consecutive year, BBAC has taken part as the only sponsor for the “AUB Virtual Stock Exchange Competition”. BBAC was present during the opening of the event and in the end of the event on the 9th of May, 2007 at the West Hall at AUB. During the ceremony BBAC distributed five awards for the top five winners for a total of 3,000$.
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BBAC the only local sponsor for the 2nd global classrooms LAU Model UN high school conference and after escorting the high school delegates through their eight training sessions, was present during the opening conference and in the closing ceremony on the 29th of April 2007 at the Unesco Palace
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BBAC has launched two new educational loans set forth all the youth to be of assistance towards a bright and secure future. BBAC school loan at a zero interest rate and an annual limit of 3000 USD and BBAC university loan with a four consecutive years lending plan of 5000 USD each and an interest rate in tune with the loan currency
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This year, BBAC has taken part as the only local sponsor for the 2nd global classrooms LAU Model UN high school conference. Global Classrooms is a program of the United Nations Association of the United States of America (UNA-USA). Through Global Classrooms, students study through eight training sessions...
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On the occasion of the festive season and into the New Year, BBAC distributed jewelry prizes to women who utilized their BBAC diamond card to do purchases. They received diamond studded jewelry after successfully collecting the required number of points through purchases made on their card.
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BBAC has launched a new television campaign highlighting its efforts in serving care especially for details, because care works better than words. Two versions of the campaign's television ad focus on the fact that sometimes a single element makes all the difference.
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BBAC has launched a series of account deposits. Characterized with their luring interest rates and countless offers, BBAC silver account, BBAC gold account, BBAC platinum account, BBAC infinite account and BBAC youth account vary respectively based upon the amount deposited.
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BBAC s.a.l has released a new VISA card in collaboration with the Children Cancer Center in Lebanon, labeled BBAC CCCL card.There are several characteristics to this card, in addition to being internationally accepted as a credit card, the revenues of this card go to the Children Cancer Center in Lebanon.
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SNA Assurances and BBAC held a lunch at the Gefinor Rotana Hotel-Clemenceau, in honor of bank employees who scored a high percentage of sales for the Bancassurance products “jana” and “najah”.
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BBAC completed in July 2006 an issue of USD 50 million Non Redeemable Preferred Shares. The shares bear a fixed annual dividend of 8.25%.
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BBAC has succeeded to close a 5 series of a 2 1/2 years endorsable Certificates of Deposit issue, bearing 7% interest rate payable and retrievable every 6 months.
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BBAC has opened a new branch in Jbeil area bringing total number of BBAC branches to 34.
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BBAC has opened a new branch in Elyssar area bringing total number of BBAC branches to 33.
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BBAC gives its cardholders the opportunity to benefit from a life insurance offered by Capital Insurance and Reinsurance at a cut-rate. BBAC classic, gold and platinum cardholders can choose any coverage amount of USD 50,000, USD 100,000 or USD 150,000.The special rate is calculated based on cardholders’ age and desired coverage and the application form along with details are available at all BBAC branches.
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BBAC gives its cardholders the opportunity to benefit from a life insurance offered by Capital Insurance and Reinsurance at a cut-rate. BBAC classic, gold and platinum cardholders can choose any coverage amount of USD 50,000, USD 100,000 or USD 150,000.The special rate is calculated based on cardholders’ age and desired coverage and the application form along with details are available at all BBAC branches.
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For the second year, BBAC gathers BBAC diamond cardholders to express its gratitude for their loyalty and support that are boosting BBAC’s continuous growth.During the event that was held at the Gefinor Rotana Hotel on Friday 19th of March 2004, a draw has taken place in which the names of the 4 diamond stones winners have been announced. Moreover, over 10 precious diamond jewelry items were distributed as rewards for the points gathered by cardholders throughout the year of 2003. BBAC thanked the attendees for their participation in the event wishing them a productive and awarding year.
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BBAC has initiated a customer support desk founded from a well-trained team to answer customers’ requests and wonders in relation to BBAC electronic banking services. BBAC electronic banking services involve all BBAC plastic cards, BBAC telephone banking, BBAC ATMs and BBAC online banking. Whether it be an inquiry about a service or a difficulty in using it, BBAC customer support desk staff are available for assistance.
BBAC customer support desk can be reached at:Tel: 961 1 374174 / 961 1 366921/ 961 1 360460 Ext. 440 - 444E-mail: customersupport@bbac.com.lb
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BBAC and the Capital Insurance & Reinsurance Co.(Member of BBAC group), in collaboration with the AUB - FEA SRC (Faculty of Engineering & Architecture - Student Representatives Committee) organized the annual AUB Rally paper on the 10th & 11th of May. 42 cars with several university students participated. Their departure was at noon from AUB campusand the tour was set up to cover all the Lebanese territory. On Sunday, at the last phase, all participants took part in an exciting treasure hunt rally game.During a party celebration, Mr. Elie Francis, senior marketing manager at BBAC distributed cash prizes for the total amount of LBP 5,500,000. The winners of the rally included Rany Daher, Philippe Khoury and Nabil Hajj Chehadé, along with their teams. In addition, a draw was held on an air ticket Beirut-London-Beirut with British Airways.
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As a BBAC customer, you count on us for convenient, friendly and smart services. Banking with us will get even better with the introduction of BBAC online banking. Our BBAC online banking service is here to expand the variety of services you have to choose from, and not to change your banking habits. BBAC online banking gives you the option of avoiding the time-consuming, paper-based aspects of traditional banking in order to be ahead of the line and to manage your finances more quickly and efficiently around the globe, 24 hours a day, 7 days a week.Viewing account balances and printing account statements are classical transactions; with BBAC online banking you can also transfer funds between your accounts at BBAC, stop payment of a check, report loss of a credit card, order a checkbook and many more.
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The BBAC Economic Research Unit has recently prepared a report on the Lebanese industrial sector. This sectorial and regional study compares the industry's structure in 1998 to that of its evolution during the January 2000 - August 2002 period.
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Abiding by our promise that BBAC diamond card is not simply a powerful payment tool rather a practical way to let you win diamonds and elegant jewels as well, The first draw on the two diamonds will be held on Thursday 20th of March, 2003 in BBAC Headquarters, Clemenceau street at 10.30 AM.
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BBAC sponsored the “Beirut wedding fair” organized by Promoteam and held in the Phoenicia Inter-Continental Hotel between February 27 and March 2, 2003. We were present in the fair to offer our variety of products that help couples get married without worrying about their finances, namely, BBAC housing loan, BBAC personal loan and BBAC diamond card. Moreover, couples visiting the BBAC stand in the fair, participated automatically in a draw, and on March 2, 2003 BBAC announced the names of the lucky 15 couples that won many valuable prizes.
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During the BBAC annual lunch, which has been held on January 11, 2003 in the Phoenicia Inter-Continental hotel, BBAC launched its first issue of “Masrifouna", the new internal newsletter. "Masrifouna" contains information about BBAC staff, BBAC activities and news. The purpose of "Masrifouna" is to bring together the knowledge and culture of the 535 BBAC family members.
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By the end of the "Beirut Antiques Fair 2002" held in the Pheonicia Inter-Continental Hotel between December 5 and December 10, 2002, BBAC has announced the winners of the draw it organized. Congractulations for General Mounir Torbey who won a return ticket to London via British Airways. Five other prizes have been won, BBAC electron card with a $100 balance each.
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After a year of great success, And in accordance with the insisting demand of its users, now BBAC Internet Center is offering extended openning hours for a wider benefit to its customers. The new openning hours are Daily form 9.00 AM till 10.00 PM and Sundays from 10.00 AM till 6.00 PM
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BBAC is sponsoring the "Beirut Antiques Fair 2002" organized by Promoteam and held in the Phoenicia Inter-continental Hotel between December 5 and December 10, 2002.BBAC will be present in the fair to expound the variety of products and services it provides.
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Going along the trend of making everything smaller and smaller, our customers have long ago called us BBAC as abbreviation for Bank of Beirut and the Arab Countries s.a.l. In response to our customers choice BBAC s.a.l. is now registered as the official name for the bank
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What is more precious than a diamond? A diamond plus a credit card offering all the flexible payment facilities. Check the BBAC diamond card under the plastic cards section
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BBAC announces the opening of the BBAC Internet Center, the first of its kind in the Lebanese Banking Sector where BBAC customers and Students can have free access to the World Wide Web through dedicated, secure and reliable Internet connection.Located at BBAC Headquarters, 250 Clemenceau Street, the BBAC Internet Center is open from Monday to Friday, 09:00 till 22:00 and Saturdays till 13:00.For further information, contact us at BBAC Head Office on 01- 360460, ext. 180, 181 or 293
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During the year 2001, BBAC opened 2 branches in South Lebanon- Hasbaya and Bint Jbeil - and one International Banking Unit in Damascus Syria - Free zone.
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BBAC announced the acquisition of 80% of "The Capital Insurance and Reinsurance" company on the 22nd of June in a press conference held at Bristol Hotel. BBAC's target to provide clients with new diversified products with competitive prices.
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