Banque Libano-Française has signed credit agreements and facilities with international banks and institutions with the aim of providing its customers with the best conditions on their local and international transactions, as well as long-term resources at low interest rates, which can be fixed for the entire duration of the loan.
The following credit facilities are concerned:
Arab Trade Finance Program (ATFP) credit line
Line of credit extended by the Arab Trade Finance Program (ATFP) to Banque Libano-Française with the aim of promoting the importation and exportation of products of Arab origin. In this perspective, Banque Libano-Française can extend to its importing and exporting customers loans which can go up to 5 years at reduced rates.
This line of credit covers the following commercial activities:
- goods with an added value originating in Arab countries of at least 40% capital or investment goods of non-Arab origin necessary to production in an Arab country
- activities involving oil and oil-derived products
European Investment Bank (EIB) credit line
This is a line of credit extended by the European Investment Bank (EIB) to Banque Libano-Française, destined to financing or refinancing loans extended to Lebanese companies.
- Lebanese companies with net fixes assets less than EUR 75 million and fewer than 500 employees
- projects that are:
- new projects to be implemented within 3 years
- projects already implemented during the past 3 years and completed at the most 6 months before the date of the credit request
- companies in the following sectors of activity: industry, services, agro-foods, tourism, health, education, infrastructure, and technology
- preferential and very competitive
- fixed or variable
- minimum amount EUR 50,000 / maximum amount EUR 12.5 million per project on condition that it does not exceed 50% of the total cost of the project
- up to 10 years with a grace period varying between 1 and 3 years
- loan applications must be submitted before November 2011
- according to the repayment schedule set forth in the loan contract relative to each loan application
Global Trade Finance Program (GTFP) Credit Line
In October 2005, Banque Libano-Française was the first bank in Lebanon and the Middle East, and the second bank in the world to join the Global Trade Finance Program (GTFP) set up by the International Finance Corporation (IFC), member of the World Bank in charge of providing financing to the private sector. The GTFP is designed to promote trade in emerging markets and to facilitate the flow of goods and services.
This program provides advising banks with partial or total guarantees on financial instruments (such as Letters of Credit, Standby Letters of Credit, or others…) and covers the payment risk of member issuing banks. The program allows issuing banks to increase the volume and value of their Trade Finance transactions, to have access to highly competitive conditions in terms of costs, and to develop their network of international correspondents.
The IFC Trade Finance program thus allows the customers of Banque Libano-Française to develop their Trade Finance activities at competitive conditions and costs.
Banque Libano-Française, which is one of the main banks in the world using the GTFP program, has joined the program as an issuing bank and an advising bank. Banque SBA (France), affiliated to Banque Libano-Française, has joined the GTFP program as an advising bank.
It’s a 12 year period Line of Credit of Euro 18 million granted exclusively from l’Agence Française de Développement to Banque Libano-Française, to finance or refinance loans to private hospitals with very competitive interest rates.
Reduce regional imbalances in Lebanon in terms of access to health care, improve hospital accessibility to patients without medical coverage, and preserve the environment, particularly through the elimination of industrial waste.
All projects between 2 to 12 years aiming at financing and refinancing investments in infrastructure (new constructions or modernization), in equipments, and operations of debt restructuring. Grace period up to 4 years.