LGB BANK Sponsors Sidon International Festival in Its Second Year

September 7, 2017
5 minutes read
LGB BANK Sponsors Sidon International Festival in Its Second Year

LGB BANK sponsors Sidon International Festival for the second consecutive year between September 6 and 10 at the city waterfront, in cooperation with Sidon Municipality and Sidon Festival Committee presided over by MP Bahia Hariri under the supervision of the former Prime Minister, Fouad Siniora.

The Festival features musical concerts for Arab and Lebanese singers in addition to multiple cultural and heritage events. The Egyptian singer, Sherine Abdel Wahab, crowned the first night of the Festival. The program also features a concert for Music Hall singers on September 7 followed by a concert for the artist Guy Manoukian on September 8.

The touristic and traditional event, “Sidon Touristic Night”, marked the launch of the Festival on August 26.

Mr. Samer Itani, Vice-Chairman and CEO of LGB BANK said that “The Bank’s aim was to contribute to making this event an annual occasion that marks Sidon’s name on the map of festivals similar to other Lebanese cities, and to show its touristic and heritage components,” and he added that “Sidon has a valuable repository of archaeological monuments, and is not only proud of its identity and openness but also of its’ residents’ generosity and love of life. These festivals greatly reflect this spirituality and this is what encouraged us to support them”.

It’s worth mentioning that LGB BANK came in second place among Lebanon’s Alpha Group banks in terms of Deposits’ growth in 2016 which increased by 14.6%, to reach 5,367 billion Lebanese Pounds. The Bank also came third in terms of Assets’ growth which rose by 14.9% or 6,193 billion Lebanese Pounds, while maintaining a high liquidity status. In terms of Net Profit, LGB BANK registered a growth rate of 15.6% valued at 53.4 billion Lebanese Pounds. Equity grew by 9.4%, around 528 billion Lebanese Pounds, which further enhanced the Bank’s solvency and increased its capacity to face risks. Finally, the Bank registered a 4.1% growth in Loans, a rise valued at 2,172 billion Lebanese Pounds.

Moreover, LGB BANK offers its customers a variety of currency credit cards that enable them to avoid exchange rate charges while travelling. In addition to the US dollar and LBP credit cards, the Bank provides cards in UAE Dirham, Turkish Lira, Saudi Riyal, Euro, and Sterling Pound, as well as other elite cards such as the Black Card, the Visa Infinite Card, and the Visa Signature Card. Credit cardholders also benefit from the Miles Program which enables them to collect miles (1.5 mile for every 1 dollar spent or equivalent) every time they use their card at points of sale, with the possibility of exchanging them for airplane tickets to more than 55 destinations. Additionally, Cardholders can benefit from an exclusive Loyalty Program which grants them an opportunity to collect points and redeem them in cash or exchange them for valuable gifts.

Furthermore, LGB BANK presents a number of value-added banking services such as Banking by Night, Mobile Banking and E-Banking, all abiding by the highest safety and technology standards, as well as a host of social media channels.

In terms of products, the Bank offers a comprehensive range of innovative and modern banking products through a network of 18 branches in Lebanon, in addition to a Cyprus branch and a Representative Office in Dubai. LGB BANK’s continuous efforts towards further enhancing its standing as one of Lebanon’s Alpha banks and one of the biggest Lebanese banks have earned it many awards including: the World Arab Banking Executive Award for Excellence in the field of E-Banking and Mobile Banking  by the World Union of Arab Bankers, the MEFTECH Award for the “Best Retail Bank”, “Best Financial Transformation”, “Best Credit Card” and “Best Co-branded Card” Awards by CPI Financial’s Banker Middle East Magazine, as well as “The Fastest Growing Commercial Bank in Lebanon” Award and “Best Bank for Investor Relations in Lebanon” Award by Global Banking and Finance Review. Today, the Bank continues to pursue more prestigious awards that testify to the institution’s numerous achievements in all fields.



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