According to its official website, Bankmed is a Lebanese bank founded in 1944 and headquartered on Clemenceau Street in Beirut; its shareholder is GroupMed Holding sal. Its bank profile lists about 500 staff, 20 branches in Lebanon and 1 overseas branch in Dubai. The site says it offers retail and corporate clients accounts, credit and debit cards, exchange services, treasury and financial market products, MedOnline internet banking, mobile banking and an online trading platform. The Dubai branch is listed in the DFSA register as BankMed SAL, the branch of a non-DIFC company (F002419). The DFSA register states that on 7 March 2021 the DIFC branch was restricted from soliciting new business and from entering into new transactions or arrangements in accepting deposits, providing credit, dealing in investments, custody and advice. This information is the company's own statement.
Account Details
ACCOUNT TYPESNot stated
MIN. DEPOSITNot stated
PLATFORMSMedOnline Personal · MedOnline Corporate · Mobile banking (MedMobile) · Online trading platform
PRODUCTSRetail banking · Corporate banking · Credit and debit cards · Exchange services · Treasury and financial markets
Licences and regulation
DFSA (United Arab Emirates (Dubai))
Licence no.F002419
Licence holderBankMed SAL
ScopeDFSA-registered branch of a non-DIFC company, licensed 9 Feb 2015; authorised for accepting deposits, providing credit, dealing in investments, custody, arranging and advising etc. On 7 Mar 2021 the DFSA restricted the branch from new business or new transactions in these services.
StatusVerified
Sources and verification history
Official company sourcesbankmed.com.lb — homepage, Bankmed Profile, Bankmed's Message, Financial Highlights
ForexQ.com
