Credit Libanais (

Arabic Arabic (, , or , ) is a Central Semitic languages, Central Semitic language of the Afroasiatic languages, Afroasiatic language family spoken primarily in the Arab world. The International Organization for Standardization (ISO) assigns lang ...

: 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, officially the Republic of Lebanon, is a country in the Levant region of West Asia. Situated at the crossroads of the Mediterranean Basin and the Arabian Peninsula, it is bordered by Syria to the north and east, Israel to the south ...

Cyprus Cyprus (), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. Situated in West Asia, its cultural identity and geopolitical orientation are overwhelmingly Southeast European. Cyprus is the List of isl ...

Bahrain Bahrain, officially the Kingdom of Bahrain, is an island country in West Asia. Situated on the Persian Gulf, it comprises a small archipelago of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island, which mak ...

, and

Senegal Senegal, officially the Republic of Senegal, is the westernmost country in West Africa, situated on the Atlantic Ocean coastline. It borders Mauritania to Mauritania–Senegal border, the north, Mali to Mali–Senegal border, the east, Guinea t ...

. Credit Libanais provides alongside key classical banking activities,

Islamic banking Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some ...

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 protect ...

leasing A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...

, real estate,

tourism Tourism is travel for pleasure, and the Commerce, commercial activity of providing and supporting such travel. World Tourism Organization, UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as ...

and ticketing,

debt collection Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a coll ...

services,

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

, and

advertising Advertising is the practice and techniques employed to bring attention to a Product (business), product or Service (economics), service. Advertising aims to present a product or service in terms of utility, advantages, and qualities of int ...

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 or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Batte ...

in Lebanon in 2000.

Subsidiaries

* Credit Libanais d'Assurance et de Reassurance (CLA) * Collect SAL * Credilease * Credit Card Management * Lebanese Islamic Bank * Net Commerce * Soft Management * Hermes Tourism & Travel * IPN Participant Banks

Shareholders

* CIH Bahrain International Holding SAL with 35.06%. * EFG Hermes CL Holding SAL with 8.81%. * Other grouped with 56.13%.

References

Banks of Lebanon 1961 establishments in Lebanon Companies based in Beirut Banks established in 1961 {{Lebanon-stub