BBAC SAL (Erbil branch)
This page sets out what the record shows about BBAC SAL (Erbil branch). 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.
بنك بيروت والبلاد العربية
Name, licence and status
- Name in English
- BBAC SAL (Erbil branch)
- Name in Arabic
- بنك بيروت والبلاد العربية
- Type
- Branch of a foreign bank (Lebanon)
- Licence
- No. 246/3/9 of 21 January 2009
- 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 |
|---|---|---|---|---|---|
Sheikh Ghassan Assaf | Chairman | Not stated | 31 December 2024 | Not charged as of the date of writing | abl.org.lb |
سليمان خالد الحلبي | Managing director | Not stated | 30 September 2026 | Not charged as of the date of writing | cbi.iq |
BBAC S.A.L. (Bank of Beirut and the Arab Countries, Lebanon)(company) بنك بيروت والبلاد العربية | Shareholder | 100% | 30 September 2026 | Not charged as of the date of writing | cbi.iq |
Assaf Family (Lebanon) | Shareholder | 55.154% | 31 December 2024 | Not charged as of the date of writing | abl.org.lb |
Fransabank S.A.L. (Lebanon) | Shareholder | 37.212% | 31 December 2024 | Not charged as of the date of writing | abl.org.lb |
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 |
|---|---|---|---|---|---|---|
| 2012 | $5m | $0 | $5m | 1.9% | Not stated | $87,500 |
| 2013 | $528.6m | $0 | $528.6m | 1.1% | $136.6m | $21.2m |
| 2014 | $51.3m | $0 | $51.3m | 0.1% | $24.4m | $1m |
| 2015 | $303.1m | $0 | $303.1m | 0.9% | $6.6m | $12m |
| 2016 | $674m | $8.3m | $665.7m | 2.6% | Not stated | $47.3m |
| 2017 | $568.6m | $4m | $564.6m | 2.9% | Not stated | $25.4m |
| Total | $2.1bn | $12.3m | $2.1bn | $167.6m | $107m |
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 70 occasions on which the committee refused all or part of a request by this bank. On those occasions the bank asked for $273.5 million, and $167.6 million of it was refused.
The largest refusals
| Date | Asked for | Refused | The reason, as read from the scanned minutes | Category |
|---|---|---|---|---|
| 9 June 2013 | $8.2m | $8.2m | لعدم كفاية رصيد المصرف | Funds did not cover the request; Missing or defective documents |
| 24 August 2013 | $7.4m | $7.4m | لان اجازة الاستيراد المرقمة 271 والصادرة من اقليم كوردستان بدون مبلغ | Import licence problem; Licence issued in the Kurdistan Region |
| 17 September 2013 | $7.2m | $7.2m | لعدم ادراج اسم المصرف في استمارة الشراء | Missing or defective documents |
| 18 September 2013 | $7.1m | $7.1m | 1. شركة ويلا , حسب طلب المصرف ) 2. الباقي اغراض تدقيقية (punctuation adjusted) | Held for audit; At the bank's request |
| 21 September 2013 | $6m | $6m | غراض تدقيقية | Held for audit |
| 8 October 2013 | $5.8m | $5.5m | سل ,2) لوجود خطا في اسم الزبون في | Other |
| date unreadable | $5m | $5m | الاغراض تدقيقية | Held for audit |
| 16 June 2013 | $4.9m | $4.9m | لعدم وجود ختم مراقب الامتثال على المعامل | Missing or defective documents |
| 18 February 2013 | $4.7m | $4.4m | لوجود زبون مخالف لتعليمات غسيل الاموال | Customer flagged under anti-money-laundering rules |
| 12 September 2013 | $4.4m | $4.4m | اغراض تدقيقية | Held for audit |
| 23 June 2013 | $4.3m | $4.3m | لوجود خطأ في مجموع كشف الحوالات | Other |
| 23 July 2013 | $4.2m | $4.2m | الحوالات تسلسل ,2) 2. استبعاد مبلغ!1667) لاختلاف اختصاص الجهة المستفيدة عن المادة المستوردة تسلسل !1) فى كشف الحوالات (punctuation adjusted) | Name or data do not match |
The reasons were read from scanned pages of the Central Bank's minutes, the reading may contain errors, and the scanned page is the authority. Each reason is given in Arabic. 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.
Sources
- Central Bank of IraqAccessed 25 September 2026Tier Bالمصارف الاهلية المحلية (Private local banks: licence numbers/dates, managers, status marks)
الأقليم التجاري للاستثمار والتمويل ( اميرالد سابقا ) ... 408/3/9 2007/3/1 | الهدى ( ممنوع من التعامل بالدولار ) ... 136/3/9 2008/1/14 | مصرف بابل ( تصفية ) ( ممنوع من التعامل بالدولار ) ... المصفي، د.أحمد عباس أحمد | دار السلام للأستثمار ( حراسة قضائية ) | الشمال للتمويل والاستثمار ( وصاية ) | الطيف الإسلامي للإستثمار… Read the rest
والتمويل ( وصاية )( ممنوع من التعامل بالدولار ) | المال الإسلامي للإستثمار ( ممنوع من التعامل بالدولار ) ... 845/3/9 في 2018/12/9(punctuation adjusted)Translation: Region Trade Bank for Investment & Finance (formerly Emerald) ... licence 408/3/9 of 1 Mar 2007 | Al-Huda (barred from USD dealing) ... licence 136/3/9 of 14 Jan 2008 | Babylon Bank (liquidation) (barred from USD) ... liquidator Dr Ahmed Abbas Ahmed | Dar Es Salaam (judicial receivership) | North Bank (guardianship) | Al-Taif Islamic (guardianship)(barred from USD) | Al-Mal Islamic (barred from USD) ... licence 845/3/9 of 9 Dec 2018
Original - Central Bank of IraqAccessed 25 September 2026Tier Bفروع المصارف الأجنبية التجارية والاسلامية (Foreign bank branches)
ملي ايران ( وصاية ) ( ممنوع من التعامل بالدولار ) ... 2650/3/9 2005/9/28 | بنك بارسيان ( وصاية ) ( ممنوع من التعامل بالدولار ) ... 46/3/9 2012/1/3 | بنك مياب ش.م.ل ( تصفية ) ... 11724/3/9 2014/8/7 | فرنسبنك ( تصفية ) | البحر المتوسط ( تصفيه ) | إنتركونتيننتال لبنان ( تصفية )
Original - Central Bank of Iraq23 October 2025Tier Aالنشرة الإحصائية السنوية / Annual Statistical Bulletin (2024 data; PDF created 23 Oct 2025), banks' establishment year, total assets, paid-up capital (pages 116 to 117) and ISX listing table (p.113)
Region Trade Bank for Investment 2007 1,051,981 300,000 مصرف الاقليم التجاري( اميرالد) | AL-Huda Bank 2008 412,604 250,000 | Erbil Bank 2010 | International Development Bank 2011 | Hammurabi Commercial Bank 2020 | Ur Islamic Bank 2018 334,815 250,000
Original