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WSBI welcomes two new members

BRUSSELS, Friday, 30 June 2016 – The WSBI board of directors and general assembly today approved applications of two candidate members.

State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The group has an extensive network, with over 22,000-plus branches in India and more than 190 offices in 36 other countries across the world. The SBI Group, comprising SBI and five associate banks, commands a 22% share of the domestic banking market and employs approximately 222,000 staff members. SBI has US$237 billion of total deposits as of March 2015 and a total balance sheet valued at US$307 billion.

Lebanon's oldest bank joins

Fransabank SAI of Lebanon has also joined the institute. Fransabank group is the oldest and one of the largest banks in Lebanon, providing consumers residing there a wide array of financial services. Employing 3,416 staff, the group ranks first in terms of local branch network with 124 branches throughout the country. Fransabank serves more than 286,000 customers and holds $15.3 billion in deposits and has $18.9 billion on its balance sheet.

WSBI: a globally driven savings and retail banking association

Based in 80 countries worldwide, WSBI membership now comprises 107 financial institutions or associations globally, representing more than 6,000 savings and retail banks worldwide. WSBI members represent total assets of US$16 trillion with more than 200,000 outlets employing 2.4 million people who serve some 1.6 billion customers.

"These two great institutions dramatically increase our outreach in the Middle East and South Asia, said WSBI Managing Director Chris De Noose. "As part of our commitment to responsible banking, we gain members with strong track records on corporate responsibility and financial inclusion fronts."


For more information, please contact:

James Pieper on +32 2 211 11 92 or at james.pieper@wsbi-esbg.org

 

 

Notes to editor:

​About the World Savings and Retail Banking Institute (WSBI)

WSBI focuses on international regulatory issues that affect the savings and retail banking industry. It supports the aims of the G20 in achieving sustainable, inclusive, and balanced growth, and job creation, whether in industrialised or less developed countries. WSBI favours an inclusive form of globalization that is just and fair, supporting international efforts to advance financial access and financial usage for everyone. Learn more at: www.wsbi-esbg.org

 

ends / all​

Communication - institutional & commercial; Financial inclusion; Corporate Social Responsibility