Nadim Kassar
Encyclopedia
Nadim Kassar, Lebanese businessman is most recognized for his position as General Manager of Fransabank
in May 1964 into a prominent Lebanese family. His grandfather Wafic Kassar was a judge who became his country’s ambassador to Pakistan followed by an ambassadorship to Turkey, and founded the School of Law in Lebanon
. Nadim Kassar’s uncle, Adnan Kassar, along with his brother, set up the family business as well as serving as a Minister of State and chairing the Lebanese Chamber of Commerce for three decades. Adnan Kassar’s was Chairman of Fransabank, which his nephew, Nadim, now runs as General Manager. Nadim Kassar’s father has also developed his career in banking, becoming CEO and Deputy Chairman of Fransabank and chairing several of its subsidiaries along with being honorary Consul General to the Republic of Hungary.
Lebanon
has a long established tradition of acting as a vital hub of business activity in the region and elsewhere. Nadim Kassar is one of a new generation of Lebanese businessmen who are striving to put Lebanon back to its central position as a world business centre, in his case through the Lebanese banking industry where he currently works at Fransabank. Established in 1921, Fransabank is today Lebanon’s main bank, although currently operating under the aegis of the French-based Crédit Agricole bank.
, gaining skills and experience in banking and finance. This involvement and interest developed to the point where he decided to move across to Fransabank in 1990, where again he rose to occupy the key position of General Manager.
He founded Fransabank
El Djazair in Algeria, currently the only Lebanese bank in that country, as well as founding Fransabank’s investment arm, Fransa Invest Bank. During his time as General Manager, the bank has also grown its network of outlets to 107 branches strategically sited across the country. 2010 saw the bank achieve a record performance with profits up by almost 40%, and this at a time when many banks across the world are struggling to succeed. The bank’s ratio of capital reserves were also maintained though this difficult period at a healthy 12%, protecting the bank from sudden worldwide fluctuations in economic and financial activity.
In 2008, Nadim Hassar was given an award by the Arab Women’s Forum for his contribution to Fransabank
, and in 2011, the bank’s 90th anniversary year, he also sponsored an award winning Lebanese film, ‘Stray Bullet’, to encourage the development of modern culture in Lebanon. Other professional achievements include the introduction of Microsoft PC loans to help with the spread of computer access and providing access to PayPass to speed up card transactions.
In addition to his banking career and family, Nadim Kassar takes time to pursue a number of recreational interests ranging from skiing and other outdoor sports, traveling widely and riding on the famed and lively Arabian horses.
Fransabank
The Fransabank Group was established in 1921 and when it originally opened, it was one of Lebanon’s first banks. Fransabank has been established for nine decades and it now has branches internationally as well as nationally....
Background
Nadim Kassar was born in BeirutBeirut
Beirut is the capital and largest city of Lebanon, with a population ranging from 1 million to more than 2 million . Located on a peninsula at the midpoint of Lebanon's Mediterranean coastline, it serves as the country's largest and main seaport, and also forms the Beirut Metropolitan...
in May 1964 into a prominent Lebanese family. His grandfather Wafic Kassar was a judge who became his country’s ambassador to Pakistan followed by an ambassadorship to Turkey, and founded the School of Law in Lebanon
Lebanon
Lebanon , officially the Republic of LebanonRepublic of Lebanon is the most common term used by Lebanese government agencies. The term Lebanese Republic, a literal translation of the official Arabic and French names that is not used in today's world. Arabic is the most common language spoken among...
. Nadim Kassar’s uncle, Adnan Kassar, along with his brother, set up the family business as well as serving as a Minister of State and chairing the Lebanese Chamber of Commerce for three decades. Adnan Kassar’s was Chairman of Fransabank, which his nephew, Nadim, now runs as General Manager. Nadim Kassar’s father has also developed his career in banking, becoming CEO and Deputy Chairman of Fransabank and chairing several of its subsidiaries along with being honorary Consul General to the Republic of Hungary.
Lebanon
Lebanon
Lebanon , officially the Republic of LebanonRepublic of Lebanon is the most common term used by Lebanese government agencies. The term Lebanese Republic, a literal translation of the official Arabic and French names that is not used in today's world. Arabic is the most common language spoken among...
has a long established tradition of acting as a vital hub of business activity in the region and elsewhere. Nadim Kassar is one of a new generation of Lebanese businessmen who are striving to put Lebanon back to its central position as a world business centre, in his case through the Lebanese banking industry where he currently works at Fransabank. Established in 1921, Fransabank is today Lebanon’s main bank, although currently operating under the aegis of the French-based Crédit Agricole bank.
Professional Life
Nadim Kassar gained first-hand experience in the family run A. A. Kassar trade and investment company, which was first established in 1949. Alongside his work experience during this period, Nadim Kassar attended American University in Beirut and was awarded a BA in Business Administration in 1986. After graduation from the University, he continued working for the family business, eventually rising to the position of General Manager. To complement his role in the family company, Kassar also spent his afternoons working at FransabankFransabank
The Fransabank Group was established in 1921 and when it originally opened, it was one of Lebanon’s first banks. Fransabank has been established for nine decades and it now has branches internationally as well as nationally....
, gaining skills and experience in banking and finance. This involvement and interest developed to the point where he decided to move across to Fransabank in 1990, where again he rose to occupy the key position of General Manager.
He founded Fransabank
Fransabank
The Fransabank Group was established in 1921 and when it originally opened, it was one of Lebanon’s first banks. Fransabank has been established for nine decades and it now has branches internationally as well as nationally....
El Djazair in Algeria, currently the only Lebanese bank in that country, as well as founding Fransabank’s investment arm, Fransa Invest Bank. During his time as General Manager, the bank has also grown its network of outlets to 107 branches strategically sited across the country. 2010 saw the bank achieve a record performance with profits up by almost 40%, and this at a time when many banks across the world are struggling to succeed. The bank’s ratio of capital reserves were also maintained though this difficult period at a healthy 12%, protecting the bank from sudden worldwide fluctuations in economic and financial activity.
In 2008, Nadim Hassar was given an award by the Arab Women’s Forum for his contribution to Fransabank
Fransabank
The Fransabank Group was established in 1921 and when it originally opened, it was one of Lebanon’s first banks. Fransabank has been established for nine decades and it now has branches internationally as well as nationally....
, and in 2011, the bank’s 90th anniversary year, he also sponsored an award winning Lebanese film, ‘Stray Bullet’, to encourage the development of modern culture in Lebanon. Other professional achievements include the introduction of Microsoft PC loans to help with the spread of computer access and providing access to PayPass to speed up card transactions.
Personal Life
Nadim Kassar has four children through his marriage to his wife, Ghada Takiedenne. Mira was born in 1988, graduated with a Master’s in Fashion Promotion at London’s Istituto Marangoni and followed her father’s footsteps by gaining a marketing focused BA in Business Administration at the American University in Beirut. Tamara, was born in 1991 and studied Business Administration at the American University in Beirut before taking Law at the Lebanese University. A third daughter, Tania, was born in 1994 followed by Adel in 1999, and both are currently studying at the Collège Protestant Français, Lebanon.In addition to his banking career and family, Nadim Kassar takes time to pursue a number of recreational interests ranging from skiing and other outdoor sports, traveling widely and riding on the famed and lively Arabian horses.