The long experience and know-how of Credit Libanais, one of the oldest banks operating in Lebanon, are key factors to capitalize on in our competitive world. Established in 1961, Credit Libanais has always played an innovative leadership role, by being the first Lebanese bank to acquire other banks (Continental Development Bank (1977), Capital Trust Bank (1994), First Phoenician Bank (1994) and American Express Bank in Beirut (2000)); and in post-war Lebanon, the first Lebanese Bank to introduce the electronic Point of Sale network in 1993, the largest in the country today accepting major international cards; the first to lead a group of major local banks to create the first nation-wide ATM network, International Payment Network (IPN) and ensure payment cards acceptance, clearing, and settlement services between 23 national banks and international card organizations; the first bank to issue Euro Certificates of Deposits in 1996 listed on the international stock exchanges.
Our Strengths: Steered by a skilled management team, Credit Libanais offers, in addition to its classical banking activities, numerous innovative services, such as: e-commerce, leasing, consumer loans, smart cards, bills collection, Points of Sale, bancassurance, government subsidized finance, Wealth Management and Private Banking services, micro-finance, and Small and Medium Enterprises (SMEs) funding. In all aspects of banking, we are known for technological excellence, and for providing proactive and competitive solutions. In fact, the quality strategy is underlined by the Bank successfully obtaining the ISO 9001:2000 Certification for Quality Management System in 2004.
Our Network: Operating today as a global provider, Credit Libanais furnishes a full range of banking services channeled through an extensive network of 57 branches in Lebanon, an International Banking Unit in Cyprus, and a Representation Office in Montreal, Canada. The latter ensures the Bank’s interests in North America and reinforces banking cooperation between Canada, Lebanon and the Middle East. The Bank also reaps the benefits of a large network of international correspondents around the globe.
Our Cooperation partnerships: Sound management practices and sophisticated financing tools are but a few strategic cooperative activities we forge and maintain every step of the way. We developed partnerships with international bodies such as the Arab Trade Financing Program (ATFP), the Inter Arab Investment Guarantee Corporation (IAIGC), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIIEC), the European Investment Bank (EIB), the Export Development Canada (EDC), the Cooperative Housing and Finance (CHF/USAID) which subsidizes the micro finance scheme, Ameen, the Economic and Social Fund for Development lending to very small and small enterprises in cooperation with the European Union, and the Saudi Fund for Development to enhance Saudi imports at a low cost.. On the local arena, our partnerships ensure financing for low and medium term projects to individuals and institutions alike. With Kafalat schemes, funds are made available to start-ups; Iskan schemes ensure housing loans financing to low-income customers; and through our alliance with Berytech, the first incubator in the Middle East, we develop and maintain venture capital operations in Lebanon.
Continuous Innovation and development: Credit Libanais constantly launches new technological services, such as the Internet Banking, Call Center and Phone Banking to provide customers with an easy access to the Bank, at times convenient to them from the comfort of their homes or offices. Most importantly, Credit Libanais invests in its most important assets, its employees, by ensuring continuous training and development of staff.
The Road Ahead: Owing to skilled teams of management and staff, coupled with diligence, resolute perseverance and accomplishments, Credit Libanais is confident of its ability to remain among the best performing banks in the industry, one that aims at delivering highest standards of quality services to customers in Lebanon and worldwide.
