The Banker Middle East Magazine, renowned in the financial and banking sectors, has granted LGB BANK the Best Bank for SMEs award of the Year 2018.
The Bank’s new award comes is the culmination of its efforts to finance small and medium-sized enterprises (SMEs) after it successfully concluded a $ 67.5 million joint financing agreement, which took place in Vienna, with the Dutch Development Bank, the OPEC Fund for International Development (OFID) and the Austrian Development Bank to finance small and medium-sized enterprises taking into account their active role in the local economy and their significant contribution to increasing production. Additionally, this funding is also aimed at encouraging investment in this sector and creating job opportunities.
Vice Chairman and CEO of LGB BANK, Samer Itani had a few words to say concerning the Best Bank for SMEs award: “We consider this award as a reward to us for all the efforts that we put into helping the Lebanese economy by financing SMEs and activating their services in the markets, leading us to work more to provide their financial needs that will help contribute to the development of their businesses and support the development of the vital sector.”
The CBI Financial offers the Banker Middle East Awards for Banking Products on a permanent basis, and seeks to honor financial institutions that offer innovative and exceptional banking products and services.