Cedrus Invest Bank S.A.L (CIB) has received the “Best Bank Governance – Lebanon 2017” award following a study of the Lebanese banking sector by cfi.co, the leading print journal and online resource specializing in the finance and banking sectors. This prestigious award sheds light on CIB’s entrepreneurial spirit and its new comprehensive corporate governance framework that is now being considered as a new benchmark in the country. In a fast-growing region where entrepreneurship is eclipsing traditional sources of wealth, people are looking for a bank that is just as entrepreneurial as they are. Cedrus Invest Bank S.A.L proactively seeks out investment opportunities for its clients. And because banking begins with trust, CIB is keen on pursuing generous discussions with its clients. This helps CIB familiarize itself with the client’s way of thinking and get a full understanding of their business and investment objectives or constraints, their sources of wealth, as well as personal lifestyles and retirement plans. Cedrus Invest Bank S.A.L aims to build a cross generation relationship with its clients, anchored in the fact that it is protecting their wealth as if it were its own, and doing everything to multiply it. Cedrus Invest Bank S.A.L does not look at MENA as a potential region – MENA is its only region. Accordingly, the bank’s business model is inspired by the region’s cultural uniqueness, most notably the grey area that exists between personal and corporate wealth. Hence, the bank has been built around a core business – wealth management – and a product proposition that includes multi-family office services, capital markets, investment banking, private equity, and real estate. The bank’s offerings are backed by a highly efficient internal structure, run by Tier 1 investment specialists covering each client’s various needs. Good governance practices produce better operational performance through healthier allocation of resources and improved management” It can lead to better relationships with all stakeholders, and thus create sound reputation by creating confidence, establishing goodwill, and building investor trust. Since its early days, the bank has developed a corporate governance framework in line with the Basel Committees’ guidance on the subject for banking organizations. The main pillars of the Cedrus Invest Bank’s corporate governance approach include: Corporate Discipline, Transparency, Independence, Accountability, Responsibility, Succession Planning, Fairness, Disclosure and Social Responsibility.
About Cedrus Invest Bank S.A.L Founded in Beirut in 2011, Cedrus Invest Bank S.A.L is the largest Specialized Bank in Lebanon in terms of capitalization, with a shareholder’s equity of 300 million and an off-balance sheet business of around $1 billion. Cedrus Invest Bank S.A.L was established by two seasoned Lebanese bankers: Fadi Assali and Raed Khoury. On the 1st of March 2015, Cedrus Invest Bank S.A.L completed the acquisition of the Lebanese operations of Standard Chartered Bank S.A.L and subsequently Cedrus Bank S.A.L (CB) was born. Cedrus Group (CIB and CB) offers diversified banking services ranging from Commercial and Retail to Private and Investment Banking. It is currently the fastest growing banking group in Lebanon with the highest level of capitalization as translated by Cedrus Invest Bank S.A.L exceptionally high Capital Adequacy Ratio. Cedrus Invest Bank is a dynamic one-stop banking boutique offering high-end financial services, catering thoroughly to the needs of today’s investors. It offers best-of-class services in Wealth Management, Capital Markets, and Investment Banking, addressing high-net-worth individuals, family offices, and corporate
Entities in the Middle East and North Africa (MENA) region. Cedrus Invest Bank is regulated by the Central Bank of Lebanon and the Capital Market Authority, and supervised by the Lebanese Banking Control Commission.