Fransabank and Fransa Invest Bank were selected for 3 prestigious awards – One award for Fransabank and Two awards for Fransa Invest Bank - by the pre-eminent international magazine, the Banker, part of the Financial Times Group, for “The Banker – Deal of the Year 2012 Awards for the MiddleEast.”.
For the year 2012, The Banker Magazine selected one winning and one highly commended “Deal of the Year” for each of 10 categories across the Middle East region, which adds to the exclusivity of these awards.
The Banker Award for “Deal of the Year 2012 - Loans - Middle East” was granted to both Fransabank and Fransa Invest Bank for theirparticipation among other banks in the financing of the acquisition of Saudi Oger share in Medgulf Group of Companies by Loutfi El Zein.
The Highly Commended Banker Award for “Deal of the Year 2012 – Bonds: Sovereigns, Supras and Agencies – Middle East”, was granted to Fransa Invest Bank for its entry as Lead Manager in the Republic of Lebanon Voluntary Debt Exchange Offer for Eurobonds for USD 1.98 billion.
The Banker quote: “Congratulations on Behalf of the Banker Magazine and the Financial Times Group on the Lebanon $1.98 bn LM (Lead Manager) being chosen as the Highly Commended Deal for “Deal of the Year – Bonds: Sovereigns, Supras and Agencies – Middle East” in addition to your involvement in the LFZ acquisition finance Medgulf Insurance $400 m which was selected as the winning “Deal of the Year – Loans – Middle East”. It is a great pleasure to award you and the other lead participants in the deals these prestigious accolades.”
HE Mr. Adnan Kassar, Chairman of Fransabank Group commented: “We are very pleased with this acknowledgement of yet awarded winning performance for Fransabank and Fransa Invest Bank from ‘The Banker’. He added: “we, at Fransabank Group, thrive always to diversify our offerings that are very well placed to increase our contribution in the development of our economy and to further integrate our Group in the international business and finance communities.”