Awards for Excellence 2009: Lebanon

Competition between Lebanon’s two biggest banks, Banque Audi and Blom Bank, remains as intense as ever. This year, the decision between them was particularly hard, especially when the third-biggest bank, Byblos, is so intent on catching up. Byblos beat Blom and Audi to underwrite (along with Credit Libanais) a voluntary debt exchange for the Lebanese government worth $2.3 billion.

Global Awards for Excellence
Middle Eastern Regional Awards of Excellence
Bahrain Egypt Iran
Jordan Kuwait Lebanon
Oman Qatar Saudi Arabia
UAE

Best Bank: Banque Audi

Competition between Lebanon’s two biggest banks, Banque Audi and Blom Bank, remains as intense as ever. This year, the decision between them was particularly hard, especially when the third-biggest bank, Byblos, is so intent on catching up. Byblos beat Blom and Audi to underwrite (along with Credit Libanais) a voluntary debt exchange for the Lebanese government worth $2.3 billion.

Nevertheless, Byblos remains behind Audi and Blom, at least in size, while Blom and Audi were almost neck and neck in their performance over the past 12 months.

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