Cedrus Bank

Cedrus Bank (part of the Cedrus Group) is a Lebanese bank founded in 2015,[1] which caters to individuals and businesses in Lebanon and the region.[2]

A photo of the outside of the branch in Sin el Fil on 6 March 2021

On March 3, 2018, Cedrus Invest Bank announced the acquisition of Standard Chartered Bank in Lebanon[3] and the launch of Cedrus Bank. Cedrus Invest Bank owns 85% of the capital of Cedrus Bank, which amounted to $60 million in 2018, with the remaining 15% going to Nicolas Chammas,[4] president of the Beirut Traders Association.[5]

Fadi Assali, cofounder of Cedrus Invest Bank, was appointed CEO of the new bank and Nicolas Chammas vice-president.[6]

Allegations

The bank is known to be owned by President Michel Aoun and his family, who have denied allegation.[7]

Headquarters

Cedrus Bank has its headquarters in Dbayeh with two branches in Verdun and Achrafieh.[8]

Références
  1. "Banks in Lebanon, Top Banks in Lebanon, Cedrus Bank Lebanon". www.cedrusbank.com. Retrieved 2021-02-18.
  2. "About Cedrus Bank, A Leading Bank in Lebanon". www.cedrusbank.com. Retrieved 2021-02-18.
  3. "Cedrus seeking further growth in Lebanon | Business, Local | THE DAILY STAR". www.dailystar.com.lb. Retrieved 2021-02-18.
  4. "Cedrus expands to retail banking | Business, Local | THE DAILY STAR". www.dailystar.com.lb. Retrieved 2021-02-18.
  5. "The head of the Beirut Traders Association, Nicolas Chammas, accuses BDL of trying to dry up lira liquidity and warns of a parallel market for lira checks". L'Orient Today. 2020-10-16. Retrieved 2021-03-17.
  6. "Lancement de la Cedrus Bank au Liban - P.S." Commerce du Levant (in French). 2015-03-18. Retrieved 2021-02-18.
  7. "La Cedrus Bank dément tout lien avec Aoun et sa famille". L'Orient-Le Jour. 2020-09-01. Retrieved 2021-02-18.
  8. "Cedrus seeking further growth in Lebanon | Business, Local | THE DAILY STAR". www.dailystar.com.lb. Retrieved 2021-02-18.
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