Bank of Beirut and the Arab Countries s.a.l (BBAC, Arabic: بنك بيروت والبلاد العربية, not to be confused with Bank of Beirut) is a Lebanese commercial bank that was established in 1956. With its headquarters located in Clemenceau, Beirut, BBAC is now among the top ten banks in Lebanon, with a total capital of 157 billion LBP. In 1956, three businessmen Tawfiq Assaf, Nach'at Sheikh Al-Ard and Jamal Shhaibir, decided to establish the bank its in Beirut, licensed by the Banque du Liban.[6Ghassan Assaf, continued his father Tawfiq Assaf's mission as its current Chairman upon his passing away.