Fransabank SAL (Iraq branch)
This page sets out what the record shows about Fransabank SAL (Iraq 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 فرنسبنك
Name, licence and status
- Name in English
- Fransabank SAL (Iraq branch)
- Name in Arabic
- بنك فرنسبنك
- Type
- Branch of a foreign bank (Lebanon)
- Licence
- No. 3914/3/9 of 18 March 2014
- Regulatory measures
- In liquidation (Central Bank list)
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 |
|---|---|---|---|---|---|
Nabil Kassar | Chairman | Not stated | 30 September 2026 | Not charged as of the date of writing | fransabank.com |
جورج نبيه فارس صليبي | Managing director | Not stated | 30 September 2026 | Not charged as of the date of writing | cbi.iq |
Mansour Bteish | Managing director | Not stated | 31 December 2024 | Not charged as of the date of writing | abl.org.lb |
Fransabank S.A.L. (Lebanon)(company) فرنسبنك | Shareholder | 100% | 30 September 2026 | Not charged as of the date of writing | cbi.iq |
CEDARS I (Cayman Islands) | Shareholder | 39.81% | 31 December 2025 | Not charged as of the date of writing | fransabank.com |
CEDARS II (Cayman Islands) | Shareholder | 39.81% | 31 December 2025 | Not charged as of the date of writing | fransabank.com |
Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG, Germany) | Shareholder | 5.00% | 31 December 2025 | Not charged as of the date of writing | fransabank.com |
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 |
|---|---|---|---|---|---|---|
| 2014 | $19.8m | $0 | $19.8m | 0.1% | $4.8m | $349,905 |
| 2015 | $126.7m | $0 | $126.7m | 0.4% | $29.2m | $4.7m |
| 2016 | $415.2m | $13m | $402.2m | 1.6% | Not stated | $20.3m |
| 2017 | $287.9m | $2.2m | $285.6m | 1.4% | Not stated | $12.7m |
| 2018 | $2m | $0 | $2m | 1.3% | Not stated | $63,466 |
| Total | $851.7m | $15.2m | $836.4m | $34m | $38.1m |
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 8 occasions on which the committee refused all or part of a request by this bank. On those occasions the bank asked for $44.9 million, and $34 million of it was refused.
The largest refusals
| Date | Asked for | Refused | The reason, as the committee wrote it | Category |
|---|---|---|---|---|
| date unreadable | $11.9m | $11.9m | لاغراض تدقيقية | Held for audit |
| date unreadable | $7.8m | $5.3m | لاغراض تدقيقية | Held for audit |
| 11 February 2015 | $6.8m | $3.8m | ستبعد من الموالة لاغراض تدقيقية | Held for audit |
| date unreadable | $5.7m | $3.4m | لاغراض تدقيقية | Held for audit |
| date unreadable | $4.5m | $3m | Not stated | Not stated or unreadable |
| date unreadable | $4.4m | $2.9m | ستبعد من الحرالة لاغراض تدقيقية | Held for audit |
| 13 January 2015 | $2m | $2m | 1,963,000 استبحدت الحرالة لحدم كناية الرصيد | Funds did not cover the request |
| 10 December 2014 | $1.9m | $1.9m | 1,850,000 الادراض 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.
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