Bank of Beirut has been recently voted “First in Super affluent net-worth specific services” in Lebanon by the prestigious world-renowned financial publication, Euromoney. This esteemed acknowledgment came during the award distribution ceremony of the “Annual Euromoney Private Banking and Wealth Management Survey for the Year 2013” held last February in London.  

Having focused its efforts on developing the most innovative and effective wealth management tools, Bank of Beirut is considered to be a pioneer and leader in the field and has worthily deserved the Euromoney Award. 

Embracing 60 countries, Euromoney’s Private Banking Awards are considered the most prestigious in the wealth management and financial industry. The awards are independently evaluated through the Euromoney Awards survey, which provides a qualitative and quantitative review of the best services in private banking by region and by areas of service. The award winners are selected by a jury of internationally renowned experts in the private banking field. On the other hand, the Euromoney survey results and the awards help investors find the best institutions that are able to manage their wealth, and in return also help the institutions have an added value to develop their businesses and manage further portfolios.

Commenting on the importance of wealth management for Bank of Beirut, Mr. Salim Sfeir, the Bank’s CEO and Chairman of the Board stated: “Wealth management has always been a cornerstone of our vision. While the Bank of Beirut’s wealth management activities are growing, we have barely scratched the surface of Lebanese transnational private banking.” Indeed, the Lebanese diaspora is estimated to consist of at least 10 million people. “Thanks to this exceptional network, Lebanon has one of the highest remittance-to-GDP ratios in the world,” Mr. Sfeir remarked. “Our work recognizes that wealth management is both a growth and international focus for the Bank of Beirut.”