The Lebanese Byblos Bank Group has selected Financial Architects’ Finance Resource Planning application as the core platform to meet the bank’s capital management requirements.
Byblos implements the Basel II Accord in all entities of the group in Lebanon, Europe (Belgium, France and UK), Sudan and Syria to ensure Basel II compliance by the end of 2007.
“The bank is strategically expanding overseas and needs to be equipped with necessary tools to support and enhance the group risk management practices,” says Philippe Saleh, head of corporate risk management. “In this respect, we have found with FinArch the solution that seemed to be the most adapted to our environment with the flexibility and ease of integration of the Financial Studio.”