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The Lebanese Canadian Bank S.A.L. (LCB) was incorporated in 160, and was first established under the name of "Banque dea Acyivites Economiques S.A.L." by a group of Lebanese businessmen. In 168, the "Royal bank of Canada" started acquiring equity in the Bank's capital stock, and became wholly owned by the latter in March 170 and was renamed "The Royal Bank of Canada (Middle East) S.A.L.". The Bank maintained its presence in Lebanon and continued to serve its loyal client base. In September 188, the Bank's total capital stock was acquired by a group of Lebanese-Canadian shareholders headed by Mr. Georges Zard Abou Jaoude who changed the name to "Lebanese Canadian Bank S.A.L.".
The bank provides all the basic banking products and services offered by the Lebanese banking industry at the retail, corporate and trade finance levels. The management of LCB believes that the Bank's size permits a personalised service for its clientele while at the same time offering similar services as those provided by larger institutions. The management of LCB has always been committed to develop a strategy that emphasizes the following factors quality products, attention to client needs and dedication to personalized quality and services. All such factors combine to establish and develop a strong corporate bond between the Bank and clients seeking efficient services at competitive rates.
The Bank witnessed during the last 10 years the achievement of outstanding results as to growth, multiplaying its total Assets of 1 by 14 times compared to the year ended 001.
GROWTH IN TOTAL ASSETS, DEPOSITS & LOANS
GROWTH IN TOTAL SHAREHOLDER'S EQUITY & NET PROFIT
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