Credit Libanais SAL 2020 Annual Report
The report outlines Credit Libanais' operations and financial performance during the turbulent year of 2020, which was heavily impacted by the COVID-19 pandemic, the Beirut port explosion, and Lebanon's ongoing economic crisis. In response to these challenges, the bank prioritized maintaining foreign currency liquidity and successfully completed a 20% capital increase required by the Central Bank of Lebanon. Additionally, Credit Libanais accelerated its digital transformation by expanding digital payment solutions and launching new features on its e-bank application. The bank also maintained its commitment to corporate responsibility as an official member of the UN Global Compact Network, aligning its initiatives with the Sustainable Development Goals.
Company: Credit Libanais SAL
Sector: Finance & insurance
Country: Lebanon
Year: 2020
Type: Annual Report
Pages: 108
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Credit Libanais SAL
Annual Report
The report outlines Credit Libanais' operations and financial performance during the turbulent year of 2020, which was heavily impacted by the COVID-19 pandemic, the Beirut port explosion, and Lebanon's ongoing economic crisis. In response to these challenges, the bank prioritized maintaining foreign currency liquidity and successfully completed a 20% capital increase required by the Central Bank of Lebanon. Additionally, Credit Libanais accelerated its digital transformation by expanding digital payment solutions and launching new features on its e-bank application. The bank also maintained its commitment to corporate responsibility as an official member of the UN Global Compact Network, aligning its initiatives with the Sustainable Development Goals.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report
Language
English
Pages
File Size
Standards & Assurance
No data available
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available