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About: Creditbank     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Organisation, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingcompanyschema:BankOrCreditUnionschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterprisebankorganisation New Facet based on Instances of this Class

Creditbank S.A.L is a Lebanese bank established in 1981 as Crédit Bancaire by Joseph Khalifé and Isaac Wimett. 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. 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.