Translated version of this PSD: Arabic
Provision of (i) a TFP limit of USD 50 million to Credit Libanais SAL ("CL") and (ii) a loan of up to USD 50 million to CL in order to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Lebanon.
The TFP limit will support CL in serving its trade finance customers, while the loan will be used to onlend to MSMEs in Lebanon.
The trade finance limit will support CL's documentary operations and will provide a source of funding for pre-export and post-import financing and local distribution of imported goods.
The EBRD loan will increase the availability of finance to MSMEs in Lebanon, allowing greater access to finance for this largely underserved segment.
CREDIT LIBANAIS SAL
Credit Libanais SAL is Lebanon's 9th largest bank with assets of USD 12.4 billion. It was established in 1961.
CL operates through 71 branches in Lebanon complemented by a branch in Cyprus, a branch in Bahrain, 2 branches in Iraq, a subsidiary in Senegal and a Representative Office in Montreal, Canada. CL also owns an investment bank, Islamic bank, a leasing company and an insurance company that are domiciled in Lebanon.
Through its local and foreign network, CL offers a broad array of financial products and services that embrace retail, corporate, investment banking, Islamic banking, leasing, micro-finance and SME funding that can be tailored to our client's needs.
CL is a pioneer in e-banking services, operating a wide network of ATMs and POS, an advanced Call Centre and internet banking services that its customers can easily and securely access from anywhere in the world.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2014). CL will be required to comply with the Bank's Performance Requirements 2, 4 and 9 and implement the EBRD's Environmental and Social Risk Management Procedures for SME and Micro Loans. The bank will also be required to submit Annual Environmental and Social Reports to the EBRD by completing the EBRD's FI Sustainability Index.
Company Contact Information
Anthony Jabbour - Head of Financial Institutions
+961 1 608250
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.