Correspondents & Participation in Financial Institutions

BSEC SA
(Banque Bemo sal subsidiary)

Established in 1993, BSEC S.A is an independent financial institution, regulated by the Central Bank of Lebanon; BSEC S.A is 92.5% owned by Banque Bemo sal ; it is also member of the Lebanese Financial Institutions Association and is governed by the directives of the Central Bank and the circulars of the Banking Control Commission.

BSEC S.A aims at making capital markets and structured finance at the reach of middle market players on the global scene, by mastering the ever-growing complexity of financial instruments and ensuring the availability of such technologies to its clients.

BSEC S.A aims at growing as an investment bank, using structured finance to deliver the benefits of capital markets to middle market companies globally.

BSEC S.A is renowned for being highly successful in delivering world class financial services in a stringent environment and BSEC edge has been recognized by numerous industry awards and credits among them: Euromoney – London, International Securitization Reports (ISR) – London, Redmoney – Malaysia.

BEMO Europe – Banque Privée
(Sister Bank in Europe fully owned by Emic SA Holding – Luxembourg)

The Bank was established in 1976 in France where it started its operations as a fully fledged commercial bank. In 1998, the Bank decided to concentrate activities and services to the Private Banking clientele. BEMO Europe’s headquarters are located in Paris, 49, Avenue d'Iéna, 16ème arrondissement. Its capital is equivalent to EUR 17 million. It has a branch in Luxembourg located on 16, Boulevard Royal.
(For more information, connect to www.bemo.fr)

Banque Bemo Saudi Fransi SA
(Associate Bank in Syria)

In 2003, Banque Bemo sal and Banque Saudi Fransi one of the biggest players in the banking industry in Saudi Arabia, created a new joint venture “Banque Bemo Saudi Fransi” with a capital of SYP1.5 billion (USD 30 million). In the same year, Banque Saudi Fransi acquired 10% of Banque Bemo sal shares and became a member of Banque Bemo Board of Directors.

BBSF’s ownership is as follows:

Shareholders
Percentage
Prime investors from Syria & Saudi family groups of Syrian origin
45.6%
Banque Saudi Fransi
27%
Banque Bemo sal
21.9%
Obegi Family
5.5%
Total
100%


BBSF’s objectives include:

Expanding the network of branches to cover all of Syria

Being the reference banking for the major investment projects in the country

Implementing the retail banking activities and products, marketing sales and support functions

Offering a full package of services to all international corporations that want to invest in Syria and provide personal assistance for all their banking needs

Providing Syrian clients with an international correspondent’s network covering the entire world for the development of their business operations with other countries

Correspondent Banking for Major Lebanese and Foreign Banks

Bemo Oddo Investment Firm Ltd - Dubai
Bemo Oddo Investment Firm Ltd - Dubai is a joint venture between Bemo Group of Banks and Oddo & Cie, the first independent French financial company.

This new entity, to be headquartered in Dubai will be operating under the laws of the local regulatory authority, Dubai International Financial Center (DIFC).

This new venture will be equally owned by the two groups.
Oddo & Cie will hold 50% of the shares;
BEMO Group’s 50% stake will be allocated among three entities:

Bemo Europe – Banque Privée
Banque Bemo sal

BSEC

The services of Bemo Oddo Investment Firm Ltd - Dubai cover the Gulf countries, namely Kingdom of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, Oman and Yemen. 

The joint venture aims to offer a comprehensive range of financial products and services with a significant added value to three types of clientele:

Institutional clients: asset management; brokerage equities, fixed income securities, derivatives and structured products; and private equity
Corporate clients: advisory on treasury market products, corporate finance: cross border mergers and acquisitions for European and Gulf companies aiming at going global
Family offices, ultra high net worth and high net worth individuals: wealth management, private banking and private equity.

Correspondents

Country
City Correspondent
Belgium Brussels Deutsche Bank AG
Canada Montreal National Bank of Canada
China Hong Kong Bank of China
France Paris Banque de l'Europe Méridionale
Germany Franfurt Deutsche Bank AG
Germany Franfurt Commerzbank AG
Italy Milan Intesa San Paolo SPA
Japan Tokyo Deutsche Bank AG
Korea Seoul Deutsche Bank AG
Korea Seoul Commerzbank AG
KSA Riyadh Banque Saudi Fransi
Netherlands Amsterdam ABN Amro Bank NV
Spain Madrid Banco Sabadell
Syria Damascus Banque Bemo Saudi Fransi SA
Switzerland Zurich UBS AG
Taiwan Taipei Deutsche Bank AG
Taiwan Taipei Commerzbank AG
UK London Deutsche Bank AG
USA New York JP Morgan Chase Bank NA
USA New York The Bank of New York
UAE Dubai Standard Chartered Bank
UAE Dubai AZ Mashrek Bank
Sweden Stockholm Nordea Bank
Finland Helsinki Nordea Bank
Denmark Copenhagen Nordea Bank
 
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