Fastest growing commercial bank and best bank for investor relations
LGB BANK added two new awards to its list, confirming once again its leadership position in the Lebanese banking sector. Global Banking and Finance Review awarded the Bank two prestigious accolades: Fastest Growing Commercial Bank Lebanon and Best Bank for Investor Relations Lebanon.
"The rapid growth of the Bank is a result of the quality of its services and its eagerness to provide the best banking products to its customers, as evidenced by the growth of customer deposits, assets and other indicators," said Mr. Samer Itani, Vice Chairman and CEO of LGB BANK. "The Bank's transparency, its successful operations and the management's commitment to the principles of governance are key elements that have helped us earn the confidence of investors, while LGB BANK’s growth in profit ratio provides shareholders with the profitability they desire and reassures them of having made the right choice."
It's worth mentioning that LGB BANK came in second place among Lebanon's Alpha Group banks in terms of Deposits' growth in 2016 which increased by 14.6%, to reach 5,367 billion Lebanese Pounds. The Bank also came third in terms of Assets' growth which rose by 14.9% or 6,193 billion Lebanese Pounds, while maintaining a high liquidity status. In terms of Net Profit, LGB BANK registered a growth rate of 15.6% valued at 53.4 billion Lebanese Pounds. Equity grew by 9.4%, around 528 billion Lebanese Pounds, which further enhanced the Bank's solvency and increased its capacity to face risks. Finally, the Bank registered a 4.1% growth in Loans, a rise valued at 2,172 billion Lebanese Pounds.
LGB BANK's continuous efforts towards further enhancing its standing as one of Lebanon's Alpha banks and one of the biggest Lebanese banks have earned it many awards including: the World Arab Banking Executive Award for Excellence in the field of E-Banking and Mobile Banking by the World Union of Arab Bankers, the MEFTECH Award for the "Best Retail Bank", "Best Financial Transformation", "Best Credit Card" and "Best Co-branded Card" Awards by CPI Financial's Banker Middle East Magazine.
Today, the Bank continues to pursue more prestigious awards that testify to the institution's numerous achievements in all fields.
In terms of products, the Bank offers a comprehensive range of innovative and modern banking products through a network of 18 branches in Lebanon, in addition to a Cyprus branch and a Representative Office in Dubai.
Moreover, LGB BANK offers its customers a variety of currency credit cards that enable them to avoid exchange rate charges while travelling. In addition to the US dollar and LBP credit cards, the Bank provides cards in UAE Dirham, Turkish Lira, Saudi Riyal, Euro, and Sterling Pound, as well as other elite cards such as the Black Card, the Visa Infinite Card, and the Visa Signature Card. Credit cardholders also benefit from the Miles Program which enables them to collect miles (1.5 mile for every 1 dollar spent or equivalent) every time they use their card at points of sale, with the possibility of exchanging them for airplane tickets to more than 55 destinations. Additionally, Cardholders can benefit from an exclusive Loyalty Program which grants them an opportunity to collect points and redeem them in cash or exchange them for valuable gifts.
Furthermore, LGB BANK presents a number of value-added banking services such as Banking by Night, Mobile Banking and E-Banking, all abiding by the highest safety and technology standards, as well as a host of social media channels.
© Press Release 2017
