Credit Libanais

Credit Libanais (Arabic: بنك الاعتماد اللبناني) is a Lebanese bank, established in 1961.^[1] 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 provides alongside key classical banking activities, Islamic banking, insurance, leasing, real estate, tourism and ticketing, debt collection services, information technology, and advertising. ^[2]

Credit Libanais

Credit Libanais Headquarters, Pierre Gemayel Boulevard, Adlieh
Native name	بنك الاعتماد اللبناني
Company type	Joint stock company
Industry	Financial services
Founded	1961; 64 years ago (1961)
Headquarters	Beirut , Lebanon
Products	Banking services, Islamic banking, insurance, leasing, real estate
Website	www.creditlibanais.com.lb

History

Credit Libanais SAL was established in 1961 as a Lebanese joint stock company.^[3] 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.^[4]

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 in Lebanon in 2000.^{[citation needed]}

Subsidiaries

• Credit Libanais d'Assurance et de Reassurance (CLA)
• Collect SAL

Credit Libanais bank, Furn el Chebbak branch

• Credilease
• Credit Card Management
• Lebanese Islamic Bank
• Net Commerce
• Soft Management
• Hermes Tourism & Travel
• IPN Participant Banks^[5]

Shareholders

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