BLC Bank invested in Feedeed, Inc.

Mar 14, 2017
Background Information
BLC Bank SAL engages in the provision of banking services. It operates through the following segments: Corporate Banking, Retail Banking, Treasury, Private Banking, and Others. The Corporate banking segment includes services provided in relation to loans, other credit facilities, deposits and current accounts for corporate and institutional customers. The Retail banking segment covers retail lending, deposits, banking services, insurance brokerage services, overdrafts, credit card facilities, and funds transfer facilities. The Treasury segment handles treasury management, correspondent banking, proprietary trading, managing reserve, capital requirements, asset management, and foreign exchange transactions. The Private banking segment refers to the operations with private banking clients including fiduciary deposits, equities, bonds trading, foreign exchange and others. The Others segment consists of income from sale of assets, soft loan from Central Bank of Lebanon for the purpose of compensating for the excess consideration paid over the fair value of the net assets acquired from Lati Bank, depreciation, and other income and expenses. The company was founded in October 1949 and is headquartered in Beirut, Lebanon.
Feedeed SAL provides online marketplace for skills and services. Its platform allows users to search and order professional services, such as logo design; and other services, including wakeboarding lessons, as well as design and illustration, writing and editing, Web and application development, custom made, marketing and advertising, translation, lessons and tutoring, video and animation, and business and administrative services. The company was founded by Dany Abu Jawdeh, Romy Saber, Alfred Helo and Fidaa Ghibreel in September 2013 and is headquartered in Matn, Lebanon.