Creditbank

Creditbank s.a.l
Industry Banking
Founded Lebanon, (1981 (1981))
Headquarters Freeway Center
Sin El Fil Blvd., Dekwaneh, Lebanon
Subsidiaries Credex SAL
Website www.creditbank.com

Creditbank s.a.l was established in Lebanon in 1981 as Crédit Bancaire by Joseph Khalifé and Fouad Zoghby. The acquisition of Crédit Lyonnais s.a.l in 2002 prompted the bank to change its name to Creditbank s.a.l.

Recording an average annual growth rate of some 20% for 7 years, the bank’s total deposits in 2013 surpassed the $2 billion benchmark for which it was awarded Lebanon’s prestigious Alpha Bank status.[1] Creditbank s.a.l in 2013 also boasted Lebanon’s highest loans-to-deposits ratio at nearly 57%, while total assets by the end of the same year amounted to $2.6 billion.[2]

With a shareholders’ equity of $327.7 million (as at 31/12/2016). Creditbank's network consists of 25 branches spread across Lebanon.

Creditbank offers products and services in the field of retail, investment, corporate, and SME banking. Some of the banking products it offers include the Creditbank Contactless Sticker,[3] the Multi Currency Prepaid Card[4] and the Combo Card.[5]

References

  1. ↑ Creditbank reaches alpha bank status - "Archived copy". Archived from the original on 2015-06-18. Retrieved 2015-06-18.
  2. ↑ "Annual Report 2013" (PDF). creditbank.com. Retrieved 18 September 2017.
  3. ↑ Creditbank launches the first MasterCard Contactless Sticker payment solution in Lebanon - "Archived copy". Archived from the original on 2015-06-18. Retrieved 2015-06-18.
  4. ↑ Multi Currency prepaid card from Creditbank - http://www.businessnews.com.lb/MyDesktooModule/storydetails.aspx?itemid=4663
  5. ↑ بطاقتان في بطاقة من Creditbank - http://www.al-akhbar.com/node/268391
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