Byblos Bank has been built around transparent business practices, responsible lending policies, and careful investment strategies, all of which have allowed the erection of a clear and effective risk governance structure at board and management levels. Moreover, the Byblos Bank Group conducts regular reviews to ensure that its governance model remains appropriate to both regulatory requirements and market developments – and that all relevant controls are being adhered to. Our systems, codes of conduct, and internal controls are designed to meet the requirements of Basel II and other international standards.

Board of Directors

The Board of Directors of Byblos Bank S.A.L. consists of 10 members serving a term of three years, the majority of whom are independent and non-executive, and come from different financial, economic and/or business backgrounds. The Board is the top decision-making body of Byblos Bank S.A.L. with respect to the implementation of the resolutions of the General Assembly and the carrying out of all ordinary activities of the Group which are not daily in character. The Board’s primary role is to establish the Group’s strategic direction and to approve the nature and levels of risk that the Group is willing to take.

The Board reviews strategic options, agrees on strategy, and monitors the implementation of strategy. It is also responsible for the integrity of the Group’s financial reporting, for ensuring that appropriate risk policies are implemented, and for ensuring that the Group is in compliance with all applicable laws.