USB Bank PLC - Cyprus
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In September 2010, BLC Bank SAL (68.58% owned by Fransabank SAL) acquired 9.9% of the shares of USB Bank PLC Cyprus to raise its contribution to 94% of total shares in February 2011, reflecting the Group’s expansionary vision in the region.
USB Bank PLC is a commercial bank offering all the services of a traditional bank, including management of accounts, consumer loans, the issuance / execution of transfers, international trade finance (documentary operations, letters of guarantee, etc) in advance with Cypriot regulations.
Shareholding
BLC Bank SAL, Lebanon |
97.31% |
Others |
2.69% |
Board of Directors
H.E. Mr. Maurice Sehnaoui
Chairman - Non Independent - Non Executive (BLC Bank)
Mr. Nadim Kassar
Non Independent - Non Executive (BLC Bank)
Mr. Nabil Kassar
Non Independent - Non Executive (BLC Bank)
H.E. Mr. Walid Daouk, Esq.
Non Independent - Non Executive (BLC Bank)
Mr. Raoul Nehme
Non Independent (BLC Bank)
Fransabank SAL represented by Mr. Adel Kassar
Non Independent - Non Executive (shareholder in BLC Bank)
Fransa Invest Bank SAL represented by Mr. Mansour Bteish
Non Independent - Non Executive (shareholder in BLC Bank)
BLC Bank SAL represented by Mr. Yussef Eid, Esq.
Non Independent - Non Executive (BLC Bank)
Mr. Andrea Theodorides
Executive - Non Independent (USB Bank)
Mr. Despo Polycarpou
Executive - Non Independent (USB Bank)
Mrs. Tania Moussallem
Non Independent - Non Executive (BLC Bank)
Mr. Georges Galatariotis
Independent - Non executive
Mr. Georges Stylianou
Independent - Non executive
Mr. Philippos Philis
Independent - Non executive
Mr. Agis Taramides
Independent - Non executive
Deputy Managing Director
Mr. Andrea Theodorides
17 Branches Subdivided Into:
6 Branches in Nicosia
3 Branches in Limassol
3 Branches in Paphos
3 Branches in Famagusta
2 Branches in Larnaca