Origin of Origin of Banque Banorient Suisse SA
Banque Banorient Suisse SA was established in 1979 and is located in Geneva. The Bank belongs 100% to Banque Banorient France headquartered in Paris with branches in London, Dubai, Sharjah, Deira, and Jabal Ali and 3 additional branches in Romania.
BLOM BANK, Lebanon, with its headquarter in Beirut holds 99.99 % of Banque Banorient France.
In 1951 Lebanon was a banking and financial hub in the Middle East. The boom in the financial sector was the start of BLOM BANK. The bank was founded in 1951.
The bank’s activities are equally directed toward Lebanon and abroad. As the war broke out in 1975, BLOM BANK expanded further outside of Lebanon, especially in the Gulf and Europe. At present, BLOM BANK is present in 11 countries. The countries are Lebanon, Egypt, Jordan, United Arab Emirates, Saudi Arabia, Qatar, France, Switzerland, the United Kingdom, Romania, and Cyprus.
The General Meeting of Shareholders held on November 23, 2021, decided to change the name from BLOM BANK (Switzerland) SA to Banque Banorient Suisse SA, effective from December 15, 2021. The reason was to underline the bank’s structural flexibility and independent legal status under FINMA oversight. The current macroeconomic and financial crisis affecting Lebanon made it inevitable to have no exposure to Lebanese either sovereign or financial institutions’ risks.