A USD 20 million line of credit agreement was signed on Friday, May 21, 2010 between Credit Libanais SAL and the Arab Trade Financing Program, represented by its Chief Executive and Chairman of the Board, Dr. Jassim Al Mannai. This line of credit is one of a series of agreements concluded over the last few years between the two parties. Dr. Joseph Torbey, Chairman and General Manager of Credit Libanais, stated that “The cumulative amount granted to Credit Libanais, to date, has exceeded USD 170 million. This agreement represents the strong relation forged over many years of cooperation between the program and our institution, one of the designated national agencies of the program in Lebanon”.

On a final note, Dr. Torbey declared that “Credit Libanais is linked to the Inter-Arab Trade Information Network (IATIN), which is administered by the program and which provides reliable online information to all Lebanese exporters and importers”.