A leading provider of trade finance, treasury and banking services, BACB transacts business in North Africa, Eastern Mediterranean and sub-Saharan countries, including Libya, Sudan, Algeria, Syria, Tunisia, Morocco, Mauritania, Lebanon, Jordan and Yemen.
Address : 8-10 Mansion House Place, London, EC4N 8BJ, UK
Phone : +44(0)20 7648 7777
Established in London in June 1972, BACB is a leading provider of trade services and finance, treasury products and a range of payment services for clients in Arab markets. Drawing on its wide correspondent banking network and longstanding working relationships with its shareholders, BACB transacts business in North African, sub-Saharan and Arab Mediterranean countries in particular. BACB’s principal shareholders are HSBC Bank Middle East (48.93%) and Libyan Foreign Bank (26.29%), with the balance held by Arab regional state-owned institutions.
Through its Tripoli Representative office, managed by Abdulhadi Giuma Arebi, BACB has maintained a permanent presence in Libya since September 1998, offering clients both a contact point and expertise in this important market. Libyan Foreign Bank’s shareholding gives BACB an important advantage, as do our well-established relationships with Libyan banks and local corporates, including those in the oil sector.
BACB’s expertise in Arab financial markets and Libya in particular provides an opportunity to existing traders and those contemplating activities in Libya for the first time to acquire market knowledge and to position themselves to commence business in the country.