• Lebanon
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 24, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Small & Medium Enterprises
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank for a specific purpose. A "ring fence" is another name for the specific purpose. Financial intermediaries include insurance, pension and equity funds. A financial intermediary lends these funds to their clients in the form of loans, bonds, guarantees and equity shares.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 22, 2018

Disclosed by Bank Apr 19, 2018

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The Project entails an IFC senior loan to Credit Libanais (the “Bank”) to support the Bank’s expansion strategy in the SME segment in Lebanon. IFC will also provide a USD interest rate swap to the Bank to hedge interest rate risk arising from this financing.

Investment Description
  • International Finance Corporation (IFC)
Financial Intermediary
Private Actors
Private Actors Description

Established in 1961 as a joint stock company, Credit Libanais is the ninth largest bank in Lebanon in terms of assets, deposits and loans with market shares of 5.2%, 5.4% and 5.8% respectively as at Sept. 2017. The Bank offers a wide variety of products and services including retail, corporate, investment, microfinance and SME financing. The Bank operates through a local network of 69 branches in Lebanon in addition to full-fledged branches in Cyprus, Bahrain, Iraq, a rep. office in Canada and a subsidiary in Senegal. The Bank's largest shareholders are CIH Bahrain International Holding SAL and EFG Hermes CL Holding SAL, 55.48% are owned by over 1,000 individual shareholders with less than 5% each.

 Credit Libanais is headquartered in Beirut, Lebanon, with a network of 69 branches covering most of Lebanon cities.

Contact Information

Credit Libanais 
Anthony Jabbour 
Head of Financial Institutions 
Credit Libanais H.Q, Main Road, Corniche El Nahr – Adlieh, Beirut – Lebanon 


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