Credit Libanais (CL) has become a leading retail bank by virtue of its innovations: modernizing its retail lending policies and procedures as well as recruiting highly qualified, talented personnel to advance CL’s lead in electronic banking and technology development. A corporate division has been created to maintain a sharper focus on large, domestic, corporate customers. In addition, Credit Libanais has served a pioneering role in the country’s card enterprise and payment network.
History
Credit Libanais was established on July 12, 1961, as a Lebanese joint stock company. The bank’s ownership is split between Capital Investment Holding (Manama, Bahrain) and Capital Investment Holding sal (Lebanon), both controlled by GCC country investors. Together, these two companies hold majority ownership of Credit Libanais shares. The remaining 2.98% is owned by approximately 75 individuals.
In 1994, Credit Libanais became the first bank to merge its operation in Lebanon by acquiring First Phoenician Bank and Capital Trust Bank. In 1996, Credit Libanais became the first Lebanese bank to have its Eurobond listed on an international stock exchange.
Constitutional Framework
Registration no 53
(last updated: 25-March-2003)
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Lebanon \ Commercial Banks \ Credit Libanais S.A.L
