First National Bank

Project details

  • Sector: Banking
  • Country: Lebanon
  • Website: www.fnb.com.lb
  • Year of investment: 2011

In July 2011, EuroMena II Limited Partnership acquired a minority stake of First National Bank (FNB), a full-service banking institution.

Profile:
First National Bank S.A.L. (FNB) is among the leading banking institutions operating in Lebanon, classified among the alpha group banks, with a nationwide network of 27 branches and 16 stand alone ATM’s covering major areas in Lebanon. The bank’s headquarters are located in the heart of Beirut’s Central District.

In 2007, First National Bank acquired shares of capital in Middle East Capital Group Ltd. (Guernsey and today owns 98.924% of the total shares of MECG.) During the second half of 2009, First National Bank negotiated to acquire Capital Finance Company S.A.L. (CFC) in order to enhance its retail banking services. The deal was closed in early 2010 by acquiring 100% of CFC’s total shares, and by the end of 2014, FNB had acquired Corporate Finance House Group (CFH). CFH provides specialist financial advisory services for debt and equity private placements, mergers and acquisitions, debt restructuring, family office advisory, leveraged buy-outs, divestments, IPO’s, and real estate finance.