The Board of Directors is entrusted with the duty of ensuring the proper management of the Bank in the best interest of its shareholders, depositors, and other stakeholders, in accordance with applicable laws and regulations. 

Fransabank is governed by a Board of Directors consisting of 12 members, elected by the General Assembly of Shareholders for a renewable mandate of three years. 

The Board consists of a mix of executive, non-executive and independent members. The majority of its members qualify as non-executive. 

The Board has overall responsibility of the Bank, including setting Bank’s strategic objectives and overseeing their implementation, in addition to the risk strategy, risk policies, corporate governance and corporate values. The Board has to ensure that adequate, effective and independent controls are in place. The Board exercises adequate oversight over the Group entities and ensures that each entity of the Group adopts corporate governance policies and mechanisms appropriate to its structure, business and risks. 


Board Members

 

Mr. Nabil Kassar

Chairman of the Board

Mr. Nabil Kassar

Mr. Nabil Kassar

Chairman of the Board

Born in 1970 - Lebanon
Non – Executive Director

With over two decades of experience in international banking and finance, Mr. Nabil Kassar currently serves as the Chairman of the Board of Fransabank SAL.

He represents Fransabank SAL as a Board Representative at Fransabank (France) SA, and also sits on the Boards of Fransabank El Djazaïr SPA (Algeria) and BLC Bank SAL. In addition, he serves as a substitute Member in the Association of Banks in Lebanon (ABL) meetings, where he actively contributes to discussions and policy initiatives.

Previously, he held senior leadership positions including Chairman and General Manager of Fransa Invest Bank SAL - the investment arm of Fransabank Group from 2019 to 2022, and Vice-Chairman of BLC Bank SAL from 2018 to 2022. In these roles, he played a key part in guiding strategic development, financial performance, and corporate growth.

Beyond his extensive banking career, he holds several significant positions in Lebanon’s real estate, investment, trade and insurance sectors. He is the Chairman of Fransa Land SAL and A.A. Kassar SAL (Holding), and serves as a Board Member of K One (Holding) SAL, Bancassurance SAL, and B7/700 Ain Mreisseh SAL.

He is also a shareholder in numerous Lebanese enterprises, including A.A. Kassar SAL (Offshore), BLC Services SAL, Château Ksara SAL, A.A. Kassar SAL, Narlco SAL, Belair Real Estate SAL, Tourism and Hotel Development Company SAL, and Port Society 1574 SAL, underscoring his active role in Lebanon’s economic, financial, and investment landscape.

Mr. Nabil Kassar holds a Bachelor’s degree in Law from Saint Joseph University, Beirut.

Mr. Nadim Kassar

Delegated Board Member

Mr. Nadim Kassar

Mr. Nadim Kassar

Delegated Board Member

Born in 1964– Lebanon
Non – Executive Director

  • Chair of the Corporate Governance Committee
  • Member of the Risk Management Committee,
  • Member of the Compliance & AML/CFT Committee
  • Member of the Remuneration Committee

Mr. Nadim Kassar currently serves as Delegated Board Member for Fransabank SAL and BLC Bank SAL as of June 2025.

From July 2022 to June 2025, he held the position of Chairman and General Manager of Fransabank SAL, and from June 2018 to June 2025, he served as Chairman and General Manager of BLC Bank SAL.

As the Founder of Fransabank El Djazaïr SPA, he chaired its Board of Directors from 2006 to 2024 and is currently holding the position of Board Member.

He was the Chairman of Fransa Invest Bank SAL – the investment arm of Fransabank Group from 2001 to 2014. In 2019, he was elected Vice-Chairman of the Association of Banks in Lebanon (ABL), a position he has held for four consecutive mandates. He has also been a Member of the ABL Board since 2001.

Internationally, he was appointed in May 2025 as a Member of the Mastercard EEMEA Advisory Board, having previously served as its Co-Chairman from 2019 to 2025. He was also a Board Member of Mastercard APMEA Regional Board of Directors from 2005 to 2019.

He currently sits on the Boards of Directors of several financial and e-payment institutions, including: NetCommerce SAL, Interbank Payment Network (IPN) SAL, and Credit Card Management (CCM) SAL. He is also the Founder and Board Member of the American Lebanese Chamber of Commerce (ALCC).

He is a Member of the Lebanese International Finance Executives (LIFE), where he served as a Board Member from 2009 to 2020. Since 2018, he is the representative of Fransabank SAL, a Founder Member of the China-Arab Countries Interbank Association (CACIA). In addition, he serves as the General Manager of A.A. Kassar SAL, reflecting his broad leadership across Lebanon’s banking and investment sectors.

Mr. Nadim Kassar holds a bachelor’s degree in Business Administration from the American University of Beirut (AUB).

CEDARS II

Represented by Mr. Adel Kassar

CEDARS II

CEDARS II

Represented by Mr. Adel Kassar

Born in 1932 - Lebanon
Executive Director

Mr. Adel Kassar is a veteran Lebanese banker whose career in banking and finance spans more than seven decades. He serves as the Group Chairman of Fransabank Group, a Board Member of Fransabank (France) SA, and represents Fransabank SAL as a Board Member at BLC Bank SAL. In these roles, he continues to play a guiding role in the Group’s strategic direction and strengthening its regional and international relationships.

Throughout his distinguished career, Mr. Kassar has significantly contributed to the development of the Lebanese banking sector and to consolidating Fransabank’s position as one of Lebanon’s most established financial institutions. He played a pivotal role in the Group’s restructuring and expansion during the early 1980s, alongside his brother, the late H.E. Mr. Adnan Kassar, developing the Bank’s operations and broadening its regional footprint.

He also serves as Chairman of the Board of Directors and General Manager of both Bancassurance SAL - the insurance arm of Fransabank Group, and the Lebanese Leasing Company SAL.

He is a former Chairman of the Association of Banks in Lebanon (ABL), and previously served as the Honorary Consul General of the Republic of Hungary in Lebanon, underscoring his longstanding commitment to fostering international economic cooperation and diplomatic relations.

Mr. Adel Kassar holds a degree in Lebanese and French Law from Saint Joseph University, Beirut, affiliated to the Faculty of Law of Lyon, France.

CEDARS I

Represented by H.E. Me. Walid Daouk, ESQ

CEDARS I

CEDARS I

Represented by H.E. Me. Walid Daouk, ESQ

H.E. Mr. Walid Daouk, ESQ

Non-Executive Board Member

H.E. Mr. Walid Daouk, ESQ

H.E. Mr. Walid Daouk, ESQ

Non-Executive Board Member

Born in 1958 – Lebanon
Non-Executive Board Member

 

  • Member of the Corporate Governance Committee
  • Member of the Risk Management Committee,
  • Member of the Compliance & AML/CFT Committee
  • Member of the Audit Committee
  • Member of the Remuneration Committee

Me. Walid Daouk is an accomplished Lebanese lawyer with expertise in commercial, civil, and property law. He began his career in 1981 as an associate at Takla & Trad Law Firm, where he later became a partner. Throughout his career, he has held several positions within the Beirut Bar Association, serving as Vice Chairman of the International Affairs Commission in 2005 and as a member of the Arbitration Commission in 2008.

In 2011, he was appointed Minister of Information and subsequently served as Minister of Justice ad interim until 2014. He was appointed Commissioner of the Lebanese Government at the Beirut Stock Exchange in 1994 and served on the Board of Directors of the Council for Development and Reconstruction (CDR) from 2001 to 2004.

He sits on the Boards of several local and international companies across the banking, insurance and real estate including: Fransabank (France) SA, Fransabank El Djazaïr SPA (Algeria), BLC Bank SAL, Bancassurance SAL, Tourism and Hotel Development Company SAL, and Beirut Waterfront Development SAL.

Beyond his professional commitments, he is involved in philanthropic and educational institutions. He is a Founding Member and Board of Trustees Member of Ajialouna, and has served on the Board of Dar Al Aytam since 2005. He is also a member of the Board of Trustees of three leading educational institutions: Collège Louise Wegmann (since 2005), International College (since 2009), and Saint Joseph University (since 2012).

Mr. Walid Daouk holds a Bachelor’s degree in Lebanese Law and a Master’s degree in French Law from Saint Joseph University, Beirut and prepared a degree in Business Management from Beirut University College.

Mrs. Raida Daouk

Non-Executive Board Member

Mrs. Raida Daouk

Mrs. Raida Daouk

Non-Executive Board Member

Born in 1992- Lebanon

  • Member of the Corporate Governance Committee
  • Member of the Risk Management Committee
  • Member of the Remuneration Committee

Mrs. Raida Daouk is the Founder and Managing Partner of Amkan Ventures, a fund of funds backing emerging U.S. solo GPs. Amkan is the first vehicle of its kind from the MENA region and one of the few globally dedicated to this investment thesis.

Before launching Amkan Ventures, she founded Amkan Advisory, a boutique consultancy firm working with family offices in shaping their venture strategies and fund allocations. She was previously part of the investment team at BY Venture Partners, where she gained early hands-on experience in venture capital.

She is actively involved in several initiatives aimed at strengthening the global venture ecosystem. She serves on the Selection Committees of RAISE Global, is a Board Member of Endeavor Lebanon, and is the Founder of Lebanese Women in Venture—a community that connects and empowers women across the region’s venture landscape.

In addition to her work in venture capital, she is the Chairman of the Board of Directors of BLC Bank SAL.

Mrs. Raida Daouk holds a Bachelor’s degree in Business Administration from the American University of Beirut and a Master’s in Economics and Strategy for Business from Imperial College London.

K1 Holding

Represented by Mrs. Dania Kassar

K1 Holding

K1 Holding

Represented by Mrs. Dania Kassar

Executive Director
Born in 1965 – Lebanon

  • Member of the AML/CFT Committee
  • Member of the Remuneration Committee

Mrs. Dania Kassar is the Head of Marketing and Corporate Communication at Fransabank SAL, bringing over 25 years of experience in strategic growth, brand positioning, and digital innovation within the Bank.

Before joining Fransabank, she began her career at Banque Indosuez in Paris (acquired in 1996 by Crédit Agricole, France), where she worked from 1986 to 1988 in the dealing room. During this time, she gained first-hand experience in financial markets, actively engaging in trading operations at the Bourse de Paris and the Futures market.

She is a Member of the Fransabank Executive Committee and participates in several other Management Committees within the Bank.

Beyond her banking responsibilities, she has served as a Board Member of Château Ksara SAL since 2015.

Mrs. Dania Kassar holds a Bachelor’ degree in Business Administration from the American

Mr. Henri de Courtivron

Independent Board Member

Mr. Henri de Courtivron

Mr. Henri de Courtivron

Independent Board Member

Born in 1950 - France

  • Chair of the Risk Management Committee
  • Member of the Corporate Governance Committee

Mr. Henri de Courtivron is a senior finance professional with over forty years of international experience in banking and management. He began his career in 1977 with Indosuez Bank, where he held a number of management positions across the Bank’s international network, including assignments in Singapore and London, and a secondment to its Saudi Arabian affiliate, Banque Saudi Fransi, before returning to the Bank’s Headquarters in Paris.

He later served as General Manager of Fransabank (France) SA, and currently sits on its Board as Chairman of the Audit Committee and Member of the Corporate Governance Committee. He is also a Member of the Board of Directors of BLC Bank SAL and Investment and Credit Bank (ICB) in Tajikistan.

In 2015, he was elected Consular Judge at the Paris Commercial Court, reflecting his deep engagement in the French business and legal community.

Mr. Henri de Courtivron holds a degree in Economics from Paris X University and a graduate diploma from École Supérieure de Commerce de Paris (ESCP).

Rachaco SAL

Represented by
Mr. Jad Charafeddine
Independent Board Member

Rachaco SAL

Rachaco SAL

Represented by
Mr. Jad Charafeddine
Independent Board Member

Born in 1976 – Lebanon
Independent Board Member

  • Chair of the Compliance & AML/CFT Committee

Rachaco is a dynamic investment company at the forefront of diverse and strategic investment opportunities. Committed to maximizing returns and fostering sustainable growth, the Company channels its investments into key sectors including financial institutions, real estate development, manufacturing, and hospitality, both locally and internationally.

With a strong academic foundation in finance and management, Mr. Jad Charafeddine plays an integral role in advancing Rachaco’s strategic objectives and investment initiatives, contributing to the Company’s growth across multiple sectors.

Mr. Jad Charafeddine holds a Master’s degree in Money and Banking from the American University of Beirut (AUB) and a Bachelor’s degree in Business Management from the Lebanese American University (LAU).

H.E. Mr. Nazem Khoury

Independent Board Member

H.E. Mr. Nazem Khoury

H.E. Mr. Nazem Khoury

Independent Board Member

Born in 1946 - Lebanon

  • Chair of the Audit Committee

Mr. Nazem El Khoury is a Lebanese public figure and businessman with extensive experience across government, finance, and social development. He served as a Member of Parliament from 2000 to 2005, Advisor to President of the Lebanese Republic from 2008 to 2011, and Minister of Environment from 2011 to 2014. He also coordinated the Steering Committee for the National Dialogue.

In the private sector, he is Chairman of the Tourism and Hotel Development Company SAL and Chairman of BLC Services SAL (subsidiary of BLC Bank SAL).

He has been actively engaged in education and social welfare, serving on the Boards of Trustees of the Lebanese American University, YMCA, and Notre Dame University, and holding leadership roles within the Lebanese Cooperative for Development, the Lebanese Red Cross, and Caritas Lebanon.

Mr. Nazem Khoury holds a Bachelor’s degree in Political Science and Public Administration from the American University of Beirut (AUB) and a Diploma in Insurance from the Chartered Insurance Institute in London.

Mr. Gerges Baz

Independent Board Member

Mr. Gerges Baz

Mr. Gerges Baz

Independent Board Member

Born in 1947- Lebanon

  • Chair of the Remuneration Committee
  • Member of the Audit Committee

Mr. Gerges Baz is a banking executive with extensive experience in risk management, commercial lending, recovery, real estate, and legal affairs. He has held several senior roles, including Assistant General Manager at BLC Bank overseeing key strategic and operational functions.

He has served on multiple governance committees—Credit, Risk, Recovery, Assets and Liabilities, and Compliance—and has played a key role in strengthening the Bank’s institutional framework.

Mr. Joseph Baddour

Independent Board Member

Mr. Joseph Baddour

Mr. Joseph Baddour

Independent Board Member

Born in 1965 – Lebanon

  • Member of the Corporate Governance Committee

Mr. Joseph Baddour has over 25 years of managerial and commercial banking experience in Lebanon and abroad. He joined Fransabank Group in June 2011 as an Assistant General Manager - Head of Corporate Banking at BLC Bank SAL, the Group’s local banking subsidiary. In September 2023, he was appointed Advisor to the Chairman of BLC Bank for Strategic Business Development until the end of September 2025.

Throughout his career, he has held several senior managerial positions within the Société Générale Group, including BHFM - in charge of a Mission in Tunisia at Société Générale Paris, Deputy General Manager – Corporate and Investment Banking at NSGB Egypt, Managing Director of Geniki Leasing in Greece, and Deputy General Manager in charge of the Support Group at SGBJ Jordan. In addition, he has held managerial roles at SGBCY (Cyprus), SGBL (Lebanon), and Sogelease Liban, gaining extensive international experience across multiple markets and banking functions.

Mr. Joseph Baddour holds dual degree in Economics and Business Administration from the American University of Beirut (AUB).

Board Committees

In carrying out its oversight responsibilities, the Board is assisted by five Board Committees, namely the Audit Committee, the Risk Committee, the AML/CFT Committee, the Remuneration Committee and the Corporate Governance Committee :

Audit Committee

The Audit Committee is chaired by an Independent Director. It meets at least quarterly. The Committee assists the Board of Directors in its oversight responsibilities regarding the internal control and internal audit activities, particularly:

  • The competency, independence and effectiveness of Internal Auditor and External Auditors
  • Integrity of the financial statements and the review of the Bank’s disclosure standards
  • Evaluation of the internal control system and procedures. 

Risk Committee

The Risk Committee is chaired by an Independent Director. It meets at least quarterly. Its mission is to assist the Board of Directors in fulfilling its risk-related duties and to oversee the proper implementation of the risk management principles. The committee is also responsible for recommending to the Board of Directors the Bank’s risk policies including the risk appetite and risk tolerance and monitoring the Bank’s risk profile for all types of risks. 

Compliance & AML / CFT Committee

The Compliance & AML/CFT Committee is chaired by an Independent Director. It meets at least quarterly. The Committee supports the Board of Directors in fulfilling its responsibilities and oversight role with respect to fighting money laundering and financing of terrorism and understanding the related risks, in addition to assisting the Board in taking the appropriate decisions in this regard. The Committee ensures the assessment and review of the Bank’s legal compliance and oversees the implementation of the AML/CFT Policy & Procedures. It also examines the suspicious cases and transactions and takes the appropriate decisions thereupon.

Remuneration Committee

The Remuneration Committee is chaired by an Independent Director. It meets at least semi-annually. Its responsibility includes defining the Bank’s remuneration policy and remuneration system and submitting them to the Board of Directors for approval. It also oversees the proper implementation of the remuneration policy and the remuneration system and reviews periodically (at least annually) the basic rules and principles of the Bank’s remuneration policy.

Corporate Governance Committee

The Corporate Governance Committee is chaired by a Non-Executive Director. It meets at least semi-annually. The Committee monitors the implementation of Good Corporate Governance principles and ensures that the Bank’s Corporate Governance framework and practices are in line with the regulatory requirements and international standards. Also, the Committee assists the Board of Directors in adopting a succession plan and ensuring adherence to its requirements.