Question 1

What is Bank of Beirut?

Accepted Answer

Bank of Beirut is a Lebanese commercial bank operating in Oman through a branch network regulated by the Central Bank of Oman. The bank is part of Bank of Beirut s.a.l., one of Lebanon's most prominent banking institutions with international operations across four continents.

In Oman, Bank of Beirut serves both retail and commercial customers with a focus on providing comprehensive banking services to individuals and businesses throughout the Sultanate.

Question 2

When was Bank of Beirut founded?

Accepted Answer

Bank of Beirut was originally founded in Lebanon in 1963 as Realty Business Bank S.A.L. by Salim G. Sfeir. The bank changed its name to Bank of Beirut in 1970.

In 1993, a group of bankers and businessmen headed by Salim Sfeir acquired the then-five-branch bank, which ranked 35th out of 71 banks operating in Lebanon at that time. The bank was listed on the Beirut Stock Exchange in 1997.

Bank of Beirut's expansion into Oman began in 2008 with the opening of its first branch in Sohar, marking its entry into the Gulf Cooperation Council (GCC) banking market.

Question 3

Where is Bank of Beirut headquartered?

Accepted Answer

Bank of Beirut's parent company headquarters is located on Foch Street in the Beirut Central District, Lebanon. The bank's Oman operations are managed locally within the Sultanate, with branches serving as the primary points of presence for customers.

The parent institution maintains its corporate headquarters in Beirut, while international operations including those in Oman, the United Kingdom, Australia, and Nigeria operate as branches or subsidiaries under the Bank of Beirut umbrella.

Question 4

Where does Bank of Beirut operate?

Accepted Answer

In Oman, Bank of Beirut operates three branches strategically located across the country:
• Sohar (opened in 2008) - the bank's first branch in Oman
• Ghobra (opened in 2012) - serving customers in the Muscat area
• The Wave (opened in 2014) - located in the modern waterfront development

These branches provide banking services throughout the Sultanate, with operating hours typically from 8:00 a.m. to 2:00 p.m. The bank serves customers across various regions of Oman through its network of physical branches and digital banking channels.

Question 5

What services does Bank of Beirut offer?

Accepted Answer

Bank of Beirut in Oman provides a comprehensive range of banking services including:

Retail Banking: Personal accounts, savings accounts, deposits, and consumer lending products for individual customers.

Commercial Banking: Corporate accounts, business lending, trade finance, and commercial banking solutions for businesses operating in Oman.

Digital Banking: The bank offers a mobile banking application available on Android platforms, featuring account management, transaction management, internal and wire transfers, card details, cheque book requests, banker's cheque requests, web chat support, and second-factor authentication for secure banking.

Customer Service: 24/7 customer service support through multiple channels including phone, email, web chat, and in-person branch visits.

The bank's digital platform enables customers to adopt a digital lifestyle and bank easily and securely anytime, anywhere with an upgraded design and intuitive navigation.

Question 6

What makes Bank of Beirut unique?

Accepted Answer

Bank of Beirut distinguishes itself through its "Banking Beyond Borders" philosophy, bringing Lebanese banking expertise to the Omani market. The bank has been recognized by The Banker Magazine as the "Highest Mover in the Middle East," moving 120 places up in the Top 1000 World Banks ranking with a 45.32% increase in Tier One Capital.

As a foreign bank branch operating in Oman, Bank of Beirut provides an alternative to locally-incorporated banks, offering customers access to an international banking network spanning Lebanon, the United Kingdom, Australia, and Nigeria.

The bank's strategic alliance with Emirates NBD (formed in 1997) strengthens its position in serving expatriates and businesses with cross-border banking needs in the GCC region.

Question 7

What type of financial institution is Bank of Beirut?

Accepted Answer

Bank of Beirut in Oman operates as a foreign commercial bank branch regulated by the Central Bank of Oman. This classification means it is a branch of the parent Lebanese institution rather than a separately incorporated Omani entity.

As a commercial bank, it provides a full spectrum of retail and commercial banking services. Foreign bank branches in Oman are required to maintain minimum capital requirements as stipulated by the Central Bank of Oman and must comply with Omani banking regulations including the Banking Law 02/2025.

The parent institution, Bank of Beirut s.a.l., is listed on the Beirut Stock Exchange and operates as a universal bank in Lebanon, while its Oman operations focus on commercial and retail banking activities suitable for the local market.

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About Bank of Beirut in Oman