Credit Libanais

Credit Libanais (Arabic: بنك الاعتماد اللبناني) is a Lebanese bank, established in 1961.

Credit Libanais Group is headquartered in Beirut, Lebanon and operates as a global provider of a full range of banking products and services channeled through a network of local branches and beyond. The group provides its customers, alongside key classical banking activities, digital services in e-commerce, smart cards, points of sale, ATM networks and the full range of e-banking secure services.

Since 2004 onward, the bank holds the ISO9001:2000 Certification for quality management system.

History

Credit Libanais SAL was established in 1961 as a Lebanese joint stock company; it is registered on the Lebanese list of banks under number 53 and in the Beirut Commercial Registry under number 10742. Credit Libanais is domiciled at Corniche El Nahr, Adlieh Roundabout, P.O Box: 16-6729, Beirut 1100 2811 Lebanon.

In 1996, the Bank established Credit Libanais Investment Bank, the investment arm of the Group, and during that same year, CL 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 (LIB).

In 2010, Credit International sa (CISA) was established in Senegal as a fully owned banking subsidiary to CL.

In addition to operating in Lebanon, Credit Libanais expanded to several countries such as Cyprus, Bahrain and Iraq; yet in response to changing market dynamics aggravated by the unfortunate consequences of the worldwide pandemic, Iraq operations would be soon terminated.

Acquisition

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

Group profile

Management committee

Dr. Joseph Torbey, Chairman – General Manager
Dr. Michel Khadige, Executive Board Member - Deputy General Manager – Corporate Banking & Financial Institutions
Mr. Michele Cherenti, Deputy General Manager - Retail Banking & Branches
Mr. Georges Geriosm, Deputy General Manager - Operations
Mr. Elie Abimrad, General Controller - Internal Audit
Mr. Alexandre Salem, Deputy General Manager - Treasury, Global Markets & Wealth Management
Mrs. Nada A. Rizkallah, Deputy General Manager - Risk Management & Strategy
Mrs. Randa Bdeir, Deputy General Manager - E-Payment Solutions & Cards Technology
Mr. Johnny Torbey, Deputy General Manager - Electronic Banking
H.E. Dr. Alain Hakim, Assistant General Manager - Marketing & Business Development
Mr. Badih Azzi, Assistant General Manager - Human Resources
Mr. Charbel Mourad, Assistant General Manager – Finance
Mr. Christos Pantazis, Chief Information Officer

Shareholders structure

The current shareholders structure of Credit Libanais SAL as of 31.12.2020 is as follows:

SHAREHOLDER NAME	PERCENTAGE
CIH Bahrain International Holding SAL	35.06%
EFG Hermes CL Holding SAL	8.81%
Others	56.13% (no shareholder among this percentage holds more than 5% of the capital of the Bank)

Offices and branches

Credit Libanais has 64 branches in Lebanon, across all the Lebanese territories, all equipped with ATMs and Smart ATMs.

Awards and recognition

National and international stakeholders’ swards 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)
Signature of the “Investors for Governance and Integrity - IGI Declaration”. (2019)
Union of Arab Banks (UAB) recognizes Credit Libanais with the Reconstruction and Development Award. (2017)
World Union of Arab Bankers (WUAB) grants Credit Libanais the Safest Bank Award.(2018-2017)
The Middle East Security Awards (MESA) Conference grants Credit Libanais the CISO (Chief Information Security Officer) 100 Award. (2018-2017-2016)
Cross Knowledge E-learning Iquad Solutions recognizes Credit Libanais with the Best E-learning Roll-out Academy Award. (2014)
The Social Economic Award (SEA) 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).
World Finance Banking Awards names Credit Libanais the Best Commercial Bank in Lebanon. (2013)
The World Confederation of Businesses grants Credit Libanais the Peak of Success Award. (2013-2009)

Correspondent Banks Awards to Credit Libanais

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

E-banking

Credit Libanais E-Banking services include:

CL e-bank mobile application
Online banking
Phone banking
Visa merchant service
SMS alert service
Deposit ATMs service

Products

Credit Libanais’s products are under:

Retail Banking
- SMEs
- Youth
- Insurance Plans

Corporate Banking
- Corporate
- Investment
- Insurance Plans

Global Markets
- Private Banking & Wealth Management
- Treasury & Foreign Exchange
- Capital Markets

E-banking and Cards Services
- CL e-bank Mobile Application
- Online Banking
- Phone Banking
- Visa Merchant Service
- SMS Alert Service
- Cards
- Deposit ATMs Services

Credit Libanais’s services are under:

Tax Payment through CL Branches
Re-Owned properties
E-Banking Services
Western Union
ADSL Service
Safe Deposit Boxes
Mobile ATM Recharge
Utility Bills Domiciliation
IBAN
Loyalty
Port of Beirut bills
University Tuition Payments
Annual Mécanique Fees
Bahrain Branch
Money Transfer
Salary Domiciliation Service
Cyprus Branch Services
Online Payment with CL Cards
E-tax Payment
Wedding Account Online Payment Service

E-Payment and Cards

Credit Libanais offers cards for everyday use, standard cards, university cards and luxury cards, as well as trendy, prestigious, and co-branded cards. The cards are available in different currencies.

Retail Accounts

Credit Libanais’s accounts are Business Accounts, Checking Account, Current Account, Merchant Access Account, Card Account, Wedding Account, Sight Savings Account, Term Savings Account, Savings Account, Fixed Term Deposit and Salary Domiciliation Service.

Retail Banking Loans

Credit Libanais offers different loans for personal and professional requirements, with various terms and repayment periods.

Bancassurance

Bancassurance products are of two kinds: Savings plans include Retirement Savings Plan, Education Savings Plan and Housing Savings Plan, and Risk/protection plans include Term Life Insurance and Personal Accident.

Subsidiaries

CLA
Collect SAL
Credilease
Credit Card Management (CCM)
Credit Libanais Investment Bank
Hermes Tourism & Travel
IPN Participant Banks
Lebanese Islamic Bank
Net Commerce
Soft Management

Corporate Social Responsibility

Credit Libanais Group is committed to safeguarding the interests of all stakeholders and has corporate responsibility and sustainability embedded in the greater part of operations.

Credit Libanais Group officially joined in 2015 the United Nations Global Compact (UNGC), the world’s largest corporate responsibility initiative with over 11.500 participants in 156 countries including Lebanon, and committed to incorporate the ten principles in its daily operations and is annually publishing the Communication on Progress (COP) Report according to international guidelines.

References

Category:Banks of Lebanon

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Category:Companies based in Beirut

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