Sample Essay on:
BBAC; Bank of Beirut and The Arab Countries

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Essay / Research Paper Abstract

This 7 page paper looks at the Bank of Beirut and The Arab Countries considering the position and the challenges faced on the context of global leadership. The bank wants to become an international bank. The paper looks at the background of the bank, identifies the relevant issues and current strategies before considering suitable actins that should be taken. The bibliography cites 5 sources.

Page Count:

7 pages (~225 words per page)

File: TS14_TEBBACled.rtf

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Unformatted sample text from the term paper:

will help investors, customers and the markets to have faith in affirm. And will be important in the context of human resource management, as a good leader will have followers (Hesselbein et al, 1997). The Bank of Beirut and The Arab Countries (BBAC) is one bank that is facing change, the banking sector in which it operates has been doing relativity well in recent years, with growth in the Arab banking sector, but there are also problems to come, with increased competition and it is unlikely that the bank will be able to escape the associated problem of the credit crunch. BBAC was founded in 1956 by three founders, the first three leaders; Toufic Assaf; Nashaat Sheikhelkard and Jamal Shehaiber, all now deceased. BBAC is registered under the Lebanese Bank list under number 28, and has a capital of 77 billion and has 36 branches located across 6 countries (BBAC, 2008). The bank targets affluent customers in the private and the commercial sector and undertakes retail and commercial banking activities an is ranked at number 82 in a list of the top 100 Middle East banks (Siddiqi, 2008). It is also a member of the Union of the Arab Banks and the association of the Lebanese banks (BBAC, 2008). The banks mission is "to understand the financial needs of its clients and endeavor to satisfy those needs using all its resources, keeping in mind the development of all productive economic sectors" (BBAC, 2008). With this mission and a changing environment the firm is facing a number of challenges, despite a history of constant growth, the current leaders; Sheikh Ghassan Assaf the Chairman and General Manager and Mr. Abbas El Halabi the Vice Chairman have had to deal with a rapidly changing environment, with increased need for information ...

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