Banque Libano-Française (Iraq)
This page sets out what the record shows about Banque Libano-Française (Iraq). It names the owners and managers, gives the dollars the bank bought from the Central Bank in the years whose records survive, lists the requests that the Central Bank refused and describes the action that regulators took against the bank.
البنك اللبناني الفرنسي
Name, licence and status
- Name in English
- Banque Libano-Française (Iraq)
- Name in Arabic
- البنك اللبناني الفرنسي
- Type
- Branch of a foreign bank (Lebanon)
- Regulatory measures
- No sanction, ban or fine recorded as of the date of writing
Ownership
The Iraq Securities Commission page names no shareholder with about 10 per cent or more. The shareholder tables of the annual reports are not yet in the record.
Owners and managers
| Name | Role | Share | As of | Legal status | Source |
|---|---|---|---|---|---|
Walid Raphaël | Chairman | Not stated | 31 December 2025 | Not charged as of the date of writing | abl.org.lb |
Élie Nahas | Managing director | Not stated | 31 December 2025 | Not charged as of the date of writing | abl.org.lb |
Libano Holding S.A.L. (Lebanon)(company) | Shareholder | 35.00% | 31 December 2025 | Not charged as of the date of writing | abl.org.lb |
BLF Investment Holding Ltd (British Virgin Islands)(company) | Shareholder | 13.56% | 31 December 2025 | Not charged as of the date of writing | abl.org.lb |
Financière Raphaël Holding S.A.L. (Lebanon)(company) | Shareholder | 9.51% | 31 December 2025 | Not charged as of the date of writing | abl.org.lb |
Chaoui Holding S.A.L. (Lebanon)(company) | Shareholder | 9.14% | 31 December 2025 | Not charged as of the date of writing | abl.org.lb |
Gil Holding S.A.L. (Lebanon)(company) | Shareholder | 6.00% | 31 December 2025 | Not charged as of the date of writing | abl.org.lb |
Al Shams Holdings Ltd (Guernsey)(company) | Shareholder | 5.00% | 31 December 2025 | Not charged as of the date of writing | abl.org.lb |
Banque Libano-Française S.A.L. (BLF, Lebanon) | Shareholder | Not stated | 30 September 2026 | Not charged as of the date of writing | cbi.iq |
Dollars bought from the Central Bank
Dollars bought from the Central Bank, by year
In millions of dollars. Verified rows of the Central Bank's daily records.
| Year | Dollars bought | Cash | Transfers abroad | Share of the year's named sales | Refused | Value of the price gap |
|---|---|---|---|---|---|---|
| 2013 | $431.5m | $1m | $430.5m | 0.9% | $140.5m | $16.5m |
| 2014 | $13.9m | $0 | $13.9m | 0.0% | $12.3m | $395,774 |
| 2015 | $128.9m | $1.8m | $127.1m | 0.4% | $0 | $6.4m |
| 2016 | $82.3m | $0 | $82.3m | 0.3% | Not stated | $5.3m |
| 2017 | $40.9m | $0 | $40.9m | 0.2% | Not stated | $2m |
| Total | $697.5m | $2.8m | $694.7m | $152.8m | $30.6m |
Share of the year's named sales: the bank's part of all the dollars that the surviving records attribute to a named bank in that year.
Refused: the requests that the Central Bank's committee turned down. Its minutes survive only from January 2013 to February 2015. An empty cell means that no minutes survive for that year. The yearly figures come from the yearly ledger. The figure at the top of the page comes from the committee's minutes. The two can differ.
What the Central Bank refused
From January 2013 to February 2015 the Central Bank's committee recorded, day by day, which requests for dollars it turned down and why. Its minutes record 44 occasions on which the committee refused all or part of a request by this bank. On those occasions the bank asked for $188.5 million, and $152.8 million of it was refused.
The largest refusals
| Date | Asked for | Refused | The reason, as the committee wrote it | Category |
|---|---|---|---|---|
| 15 June 2013 | $6m | $6m | لعدم كفاية الرصيد | Funds did not cover the request; Missing or defective documents |
| 4 July 2013 | $5.6m | $5.6m | لعدم كفاية رصيد المصرف | Funds did not cover the request; Missing or defective documents |
| date unreadable | $5.5m | $5.5m | Not stated | Not stated or unreadable |
| 14 September 2013 | $5.1m | $5.1m | غراض تدقيقية | Held for audit |
| 26 February 2013 | $5m | $5m | وجود زبون مخالف لتعليمات غسيل الاموال | Customer flagged under anti-money-laundering rules |
| 3 March 2013 | $5m | $5m | وجود زبون مخالف لتعليمات غسيل الاموال | Customer flagged under anti-money-laundering rules |
| 5 March 2013 | $5m | $5m | وجود زبون مخالف لتعليمات غسيل الاموال | Customer flagged under anti-money-laundering rules |
| 10 March 2013 | $5m | $5m | وجود زبون مخالف لتعليمات غسيل الاموال | Customer flagged under anti-money-laundering rules |
| 8 October 2013 | $5.4m | $5m | سلسل ,1 و2 ) في كشف الحوالة لاغراض تدقيقية | Held for audit |
| 31 January 2013 | $5m | $5m | عدم مطابقة المبنغ رقما وكتابتا في استمارة الشراء | Penalty on, or suspension of, the bank |
| 15 September 2013 | $4.9m | $4.9m | غراض تدقيقية | Held for audit |
| 18 September 2013 | $4.8m | $4.8m | اغراض تدقيقية اغراض تدقيقية | Held for audit |
Each reason is quoted in Arabic, in the committee's words. Where a reason is marked “punctuation adjusted”, only its punctuation was changed. The category is ours.
Enforcement actions
No enforcement action against this bank is recorded here.