As a major actor of the Lebanese banking sector, Fransabank participated in the “Lebanese Banks’ Evening Reception” in Washington DC on September 23, 2011 taking place as part of the 2011 IMF World Bank meetings in Washington.

This event, organized by The Banker, in partnership with the Association of Banks in Lebanon (ABL), brought together leading figures from the Lebanese banking community. It allowed attendees to discover the opportunities offered by the Lebanese prospering economy. Indeed, as a result of prudent regulation and sound management practices, Lebanon’s banking sector stands apart from its peers in the region as it has emerged from the global financial crisis in good health.

In his allocution, Mr. Adel Kassar - Deputy Chairman and Chief Executive Officer at Fransabank – explained that Fransabank Group has built up its core strength to further advance and consolidate its leading position in the banking sector whether locally, regionally and internationally on a multi-dimensional business development strategy. This was achieved through very selective regional and international expansion strategy, acquisitions and mergers, product diversification and local and regional branch network expansion.

He added that Fransabank Group continues to adopt and implement prudent and conservative policies to further develop its management practices, to consolidate its financial strength and to maintain high asset quality. These include continuous and strict compliance to local and international regulatory requirements, advanced risk management and corporate governance norms and standards, as well as the implementation of international standards on fighting money laundering.