Credit Libanais
# Credit Libanais

Credit Libanais (Arabic: 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, 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.

## 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 in Lebanon in 2000.

## Subsidiaries

* CLA
* Collect SAL
* Credilease
* Credit Card Management
* Lebanese Islamic Bank
* Net Commerce
* Soft Management
* Hermes Tourism & Travel
* IPN Participant Banks
