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Creditbank S.A.L.
Creditbank S.A.L is a Lebanese bank established in 1981 as Crédit Bancaire by Joseph Khalifé and Isaac Wimett. The acquisition of Crédit Lyonnais s.a.l in 2002 prompted the bank to change its name to Creditbank s.a.l. Recording an average annual growth rate of some 20% for 7 years, the bank’s total deposits in 2013 surpassed the $2 billion benchmark for which it was awarded Lebanon’s prestigious Alpha Bank status. Creditbank s.a.l in 2013 also boasted Lebanon’s highest loans-to-deposits ratio at nearly 57%, while total assets by the end of the same year amounted to $2.6 billion. With a shareholders’ equity of $412.5 million (as at 31/12/2018). Creditbank's network consists of 26 branches spread across Lebanon. Creditbank offers products and services in the field of retail, investment, corporate, and SME banking. Some of the banking products it offers include the Creditbank Contactless Sticker, the Multi Currency Prepaid Card, the Combo Card. and Creditbank Pay App ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lebanon
Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus lies to its west across the Mediterranean Sea; its location at the crossroads of the Mediterranean Basin and the Arabian hinterland has contributed to its rich history and shaped a cultural identity of religious diversity. It is part of the Levant region of the Middle East. Lebanon is home to roughly six million people and covers an area of , making it the second smallest country in continental Asia. The official language of the state is Arabic, while French is also formally recognized; the Lebanese dialect of Arabic is used alongside Modern Standard Arabic throughout the country. The earliest evidence of civilization in Lebanon dates back over 7000 years, predating recorded history. Modern-day Lebanon was home to the Phoenicians, a m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cedrus Bank
Cedrus Bank (part of the Cedrus Group) is a Lebanese bank founded in 2015, which caters to individuals and businesses in Lebanon and the region. On March 3, 2018, ''Cedrus Invest Bank'' announced the acquisition of Standard Chartered Bank in Lebanon and the launch of Cedrus Bank. ''Cedrus Invest Bank'' owns 85% of the capital of ''Cedrus Bank'', which amounted to $60 million in 2018, with the remaining 15% going to Nicolas Chammas, president of the ''Beirut Traders Association''. Fadi Assali, cofounder of ''Cedrus Invest Bank'', was appointed CEO of the new bank and Nicolas Chammas vice-president. Allegations The bank is known to be owned by President Michel Aoun and his family, who have denied allegation. Headquarters Cedrus Bank has its headquarters in Dbayeh with two branches in Verdun and Achrafieh Achrafieh ( ar, الأشرفية) is an upper-class area in eastern Beirut, Lebanon. In strictly administrative terms, the name refers to a sector (''secteur'') centred on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Libanais
Credit Libanais (Arabic: بنك الاعتماد اللبناني) is a Lebanese bank, established in 1961. 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. History Credit Libanais SAL was established in 1961 as a Lebanese joint stock company. 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 . Acquisitions Throughout its history, Credit Libanais ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Lebanon
This is a list of banks in Lebanon. List of banks Central bank * Banque du Liban (BDL) List of Banks Lebanese based banks sorted by their significant presence domestically and overseas: * Bank Audi * Byblos Bank * Bank of Beirut * Bank of Beirut and Arab Countries * BankMed * Banque Libano-Française * BLOM Bank * BSL Bank * Cedrus Bank * Creditbank * Crédit Libanais * First National Bank * Fransabank * Intercontinental Bank of Lebanon (IBL) * Lebanon and Gulf Bank * Saradar Bank * Bank of Beirut * Société Générale de Banque au Liban (SGBL) * Lebanese Swiss Bank * AM Bank (Al-Mawarid Bank) * Lebanese Canadian Bank * Jammal Trust Bank * CSCBank * Intra Bank * Fenicia Bank Foreign banks * Citi * Arab Bank * Banca di Roma * National Bank of Kuwait (Lebanon) Closed banks * Al-Madina Bank See also * Economy of Lebanon * List of banks in the Arab world External links Banking in Lebanon {{DEFAULTSORT:List Of Banks In Lebanon Banks Lebanon Business in Leba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Lebanon
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1981 Establishments In Asia
Events January * January 1 ** Greece enters the European Economic Community, predecessor of the European Union. ** Palau becomes a self-governing territory. * January 10 – Salvadoran Civil War: The Farabundo Martí National Liberation Front, FMLN launches its first major offensive, gaining control of most of Morazán Department, Morazán and Chalatenango Department, Chalatenango departments. * January 15 – Pope John Paul II receives a delegation led by Polish Solidarity (Polish trade union), Solidarity leader Lech Wałęsa at the Vatican City, Vatican. * January 20 – Iran releases the 52 Americans held for 444 days, minutes after Ronald Reagan is First inauguration of Ronald Reagan, sworn in as the 40th President of the United States, ending the Iran hostage crisis. * January 21 – The first DMC DeLorean, DeLorean automobile, a stainless steel sports car with gull-wing doors, rolls off the production line in Dunmurry, Northern Ireland. * January 24 – An 1981 Dawu ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
