LGB BANK Sponsored a Day of Sports Activities Organized by “Al Hoch Association”

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Beirut, July 2017: LGB BANK has sponsored a full day of sports activities organized by “Al Hoch Social Association” in the stadiums and playgrounds of Al Hoch town and neighboring areas in the Rachaya Al Wadi district, which added a fun and convivial ambiance to the region.

 

Following the event, Mr. Samer Itani, the Vice Chairman and CEO of LGB BANK stated that “this sponsorship comes in line with the Bank’s social responsibility , and confirms once more its pursuit to endorse cultural, sports and social activities that bring life and joy to Lebanese villages and enhance collaboration and conviviality between village people through healthy and constructive competitions.”

 

It’s worth mentioning LGB BANK came in second place among Lebanon’s Alpha Group banks in terms of Deposits’ growth which increased by 14.6%, i.e. 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%, i.e. 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.

 

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 enables 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. In addition, 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.

 

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”, as well as the “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.

 

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