On the occasion of the 8th anniversary of the establishment of AFH in Lebanon, Mr. Nabil Osman, Acting General Manger, held a ceremony that gathered AFH staff at the bank’s headquarters.
Mr. Osman stressed in his speech on the fact that despite this period of crises that our country has been facing for quite a while, AFH development and growth is reflected positively in all its figures: total assets over passed 390 million dollars at the end of 2011, the number of depositors reached 18,000 and 2000 customers benefited from 128 million dollars of financing.
This growth has enabled the bank to assume the leading position, with a share that exceeds 60% of the local Islamic Banking market.
Mr. Osman concluded that this growth is due mainly to the sure and solid strategy pursued by the Board of Directors, presided by the Chairman of the Board, Mr. Mohamad Abdellatif El Maneh, and the relentless efforts team which enabled the Bank to implement this strategy.