Credit Libanais

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Credit Libanais Headquarters, Pierre Gemayel Boulevard, Adlieh

Credit Libanais (Arabic: بنك الاعتماد اللبناني) is a Lebanese bank, established in 1961.[1] Having originated with one branch in Riad El Solh Square, today the Bank is headquartered in Adlieh and has a wide network of branches in Lebanon, Cyprus, Bahrain, and  Senegal. Credit Libanais operates as a global provider of a full range of banking products and services channeled through an extensive network of local branches and provides its customers alongside key classical banking activities, Islamic banking, insurance, leasing, real estate, tourism and ticketing, debt collection services, information technology, and advertising. [2]

History[]

Credit Libanais SAL was established in 1961 as a Lebanese joint stock company.[3] In 1996, the Bank issued the first Euro CDs listed on foreign stock markets. In 2005, Credit Libanais launched its Islamic banking operations through its subsidiary, the Lebanese Islamic Bank .[4]

Acquisitions[]

Throughout its history, Credit Libanais acquired many banks in Lebanon such as Continental Bank in 1977, First Phoenician Bank and Capital Trust Bank in 1994, and the operations of American Express Bank in Lebanon in 2000.

Awards[]

National and International Stakeholders’ Awards to Credit Libanais include:[5]

  • The Prestigious Visa International “Lifetime Achievement Award” to Chairman Dr. Joseph Torbey (2019).[6][7][8]
  • The Golden Decoration “Arab Banker of the Year” to Chairman Dr. Joseph Torbey by the Union of Arab Banks in Rome (June 2019)
  • Union of Arab Banks recognizes Credit Libanais with the Reconstruction and Development Award. (2017)
  • World Union of Arab Bankers grants Credit Libanais the Safest Bank Award.(2017, 2018)
  • The Middle East Security Awards Conference grants Credit Libanais the CISO (Chief Information Security Officer) 100 Award (2016, 2017, 2018).
  • Cross Knowledge E-learning Iquad Solutions recognizes Credit Libanais with the Best E-learning Roll-out Academy Award (2014).
  • The Social Economic Award grants Credit Libanais the National and Social Impact Award (2014), and the Housing loans Category Award for financing stability in the lives of Lebanese families (2012).
  • Peak of Success Award, the World Confederation of Businesses (2013-2009).

Correspondent Banks Awards to Credit Libanais[]

  • Citibank recognizes Credit Libanais with the STP Excellence Award (2016-2015-2014).
  • JP Morgan recognizes Credit Libanais with the STP Excellence Award (2017-2015-2013).[9]
  • Standard Chartered recognizes Credit Libanais the STP USD Clearing Excellence Award (2014-2013).
  • Deutsche Bank recognizes Credit Libanais with the Euro STP Excellence Award (2017-2014).

Subsidiaries[]

  • CLA
  • Collect SAL
  • Credilease
  • Credit Card Management
  • Lebanese Islamic Bank
  • Net Commerce
  • Soft Management
  • Hermes Tourism & Travel
  • IPN Participant Banks[10]

References[]

  1. ^ لبنان, المدن-. "ما دور بنك الاعتماد اللبناني في تمويل حملة لوبان؟". almodon (in Arabic). Retrieved 2021-03-04.
  2. ^ "Torbey camp prevails in sale of Credit Libanais". BusinessNews.com.lb. Retrieved 2021-02-21.
  3. ^ Libanais, Credit. "Credit Libanais - About Us". Credit Libanais. Retrieved 2021-06-22.
  4. ^ "Lebanese Islamic Bank SAL". Banking Control Commission of Lebanon. Retrieved 2021-07-12.
  5. ^ Libanais, Credit. "Awards". Credit Libanais. Retrieved 2021-06-22.
  6. ^ "الدكتور جوزف طربيه يحصد جائزة "الإنجاز مدى الحياة" من شركة فيزا العالمية". Al Morakeb Group (in Arabic). 2019-03-28. Retrieved 2021-07-12.
  7. ^ "طربيه يحصد جائزة "الإنجاز مدى الحياة" من شركة فيزا العالمية". www.alkalimaonline.com. Retrieved 2021-07-12.
  8. ^ اللواء, جريدة. "طربيه يحصد جائزة «الإنجاز مدى الحياة» من شركة فيزا العالمية". جريدة اللواء (in Arabic). Retrieved 2021-07-12.
  9. ^ "JPMorgan Chase Bank N.A. recognizes Credit Libanais for outstanding achievement". LBCI Lebanon. Retrieved 2021-07-12.
  10. ^ Libanais, Credit. "Credit Libanais - The Group". Credit Libanais. Retrieved 2021-06-23.
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