Welcome

Established in London in June 1972, BACB is a wholesale bank and a leading provider of trade and project finance for Arab markets.

Building on a successful track record in the Arab Mediterranean region, market coverage has expanded steadily in recent years and the bank is also able, through its association with HSBC Bank Middle East, to handle business throughout the Gulf.

City of London

BACB Market Reports

BACB's treasury department publishes a daily Morning Brief and a weekly fixed income report to keep you up to date on the latest economic and market developments in our niche markets.

BACB Annual Report

Our 2007 Annual Report is available for download in PDF format.

Fitch Ratings Report

BACB is rated A- long-term by Fitch, one of the world's foremost rating agencies.  Our rating report is available for download.

Libyan Purchasing Arrangements

BACB is uniquely placed to assist suppliers dealing with the Libyan oil sector as new procurement arrangements come into force. We already act as paying agent, collecting bank, and letter of credit of credit issuing or confirming bank for many Libyan corporate clients and banks, as well as supporting the bonding needs of contractors accessing this market. We will be pleased to hear from you if you would like to discuss your payment arrangements in Libya.

Local Exchange Rates and Market Data

Please note the figures below are for indication only.

Currency Exchange Today Last
Algerian Dinar USD/ALG 62.22 62.22
Egyptian Pound USD/EGP 5.34 5.34
Libyan Dinar USD/LYD 1.18 1.18
Moroccan Dirham USD/MAD 7.3174 7.3174
Tunisian Dinar USD/TUN 1.1701 1.1701
Brent Oil Brent dated pbl 143.61 143.61
Gold XAU/USD 935.20 935.2

Quotes are London open prices on 04/07/08 compared with the previous working day. All figures are provided for information only and should only be used as a guide.