Credit Libanais

Established in 1961 as a Lebanese joint stock company, Credit Libanais SAL is a financial institution headquartered in Beirut, Lebanon. The bank operates as a full-service entity, providing a comprehensive range of products to a diverse clientele that includes retail, corporate, and institutional customers. Its services encompass retail and corporate banking, investment banking, mortgage lending, and wealth management.

The bank's revenue streams are diversified, generated from traditional banking activities like interest income from loans and fees for services, as well as from its specialized divisions. Through its subsidiaries, Credit Libanais has expanded its portfolio to include Islamic banking, insurance and reinsurance, leasing, real estate investment, and information technology services. The bank's business model focuses on both domestic and international markets, with a network of branches in Lebanon, as well as a presence in Cyprus, Bahrain, and Senegal. This international footprint allows it to service the Lebanese diaspora and engage in global market transactions.

Significant milestones in the institution's history include a series of acquisitions that broadened its market presence, such as the purchase of Continental Bank in 1977 and the operations of American Express Bank in Lebanon in 2000. In 1996, Credit Libanais issued the first Euro CDs to be listed on foreign stock markets by a Lebanese bank. More recently, the bank has been focused on digital transformation, launching electronic payment solutions like the 'VISA RED SPARK' card to adapt to the changing economic landscape in Lebanon. This initiative is part of a broader strategy to enhance digital banking services and generate non-interest income.

Keywords: commercial banking, retail banking, corporate banking, investment banking, wealth management, Islamic banking, financial services, insurance, leasing, international network