Credit Libanais (

Arabic Arabic (, ' ; , ' or ) is a Semitic language spoken primarily across the Arab world.Semitic languages: an international handbook / edited by Stefan Weninger; in collaboration with Geoffrey Khan, Michael P. Streck, Janet C. E.Watson; Walter ...

: 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 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 Lebanon–Syria border, the north and east and Israel to Blue ...

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ge ...

Bahrain Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an ...

, and

Senegal Senegal,; Wolof: ''Senegaal''; Pulaar: 𞤅𞤫𞤲𞤫𞤺𞤢𞥄𞤤𞤭 (Senegaali); Arabic: السنغال ''As-Sinighal'') officially the Republic of Senegal,; Wolof: ''Réewum Senegaal''; Pulaar : 𞤈𞤫𞤲𞤣𞤢𞥄𞤲𞤣𞤭 ...

. 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 Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

, leasing,

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tourism Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. The World Tourism Organization defines tourism mor ...

and ticketing,

debt collection Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of ...

services,

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of Data (computing), data . and information. IT forms part of information and communications technology (ICT). An information te ...

, and

advertising Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to put a product or service in the spotlight in hopes of drawing it attention from consumers. It is typically used to promote a ...

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 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 American Express Company (Amex) is an American multinational corporation, multinational corporation specialized in payment card industry, payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Man ...

in Lebanon in 2000.

Awards

National and International Stakeholders’ Awards to Credit Libanais include: * The Prestigious Visa International “Lifetime Achievement Award” to Chairman Dr. Joseph Torbey (2019). * 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 Union of Arab Banks (UAB) is an organization responsible for fostering cooperation between Arab banks, developing of Arab financial business, and enhancing the financing role of Arab banks in the Arab World. The Union of Arab Banks was formed on Ma ...

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 A chief information security officer (CISO) is a senior-level executive within an organization responsible for establishing and maintaining the enterprise vision, strategy, and program to ensure information assets and technologies are adequately pr ...

(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 JPMorgan Chase & Co. is an American Multinational corporation, multinational Investment banking, investment bank and financial services holding company headquartered in City of New York, New York City and Delaware General Corporation Law, inco ...

recognizes Credit Libanais with the STP Excellence Award (2017-2015-2013). *Standard Chartered recognizes Credit Libanais the STP USD Clearing Excellence Award (2014-2013). *

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

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

References

Banks of Lebanon {{Lebanon-stub