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Board of Directors' Responsibilities
Board of Directors' Responsibilities
  • Reviews, approves and monitors the long-term strategic plan as well as the annual budget as presented by the Bank's senior management.
  • Evaluates the Bank's performance on a regular basis.
  • Enforces the Bank's policies and practices regarding compliance with applicable laws, regulations, and ethical standards.
  • Implements and maintains appropriate systems for risk management and internal control.
  • Ensures that the Bank's management and employees are operating in an ethically responsible manner.
  • Approves credit lines that exceed the internal lending limit.
  • Reviews and approves significant corporate actions, and recommends to the General Meeting of Shareholders to pass the appropriate resolutions in this respect whenever required.
  • Oversees effective corporate governance.
  • Approves the Charters of the various Committees at the Bank and monitors their performance.

The Bank's day-to-day activities are managed through 11 Committees, which have been established with specific missions, authorities, and responsibilities.
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Bank of Beirut – List of Bank: 75 | Online banking services licensed by virtue of BDL letter number 11/629 dated October 2, 2008.
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