Credit bank: Purpose, Values, FAQ, Contact Details

Creditbank S.A.L is a Lebanese bank established in 1981 as Crédit Bancaire by Joseph Khalifé and Fouad Zoghby. The acquisition of Crédit Lyonnais s.a.l in 2002 prompted the bank to change its name to Creditbank s.a.l.

Table of Contents


The main function of credit is to relieve the constraint imposed by balanced budgets on economic agents, that is, to meet the financial requirements of investors who have to spend more on trade and investment than their own savings.


  • Integrity and honesty. We will always take the high road by practising the utmost ethical standards, and by honouring our commitments.
  • Relationships.
  • Respect.
  • Loyalty.
  • Hard work.
  • Teamwork.
  • Community.
  • Confidentiality.


What is the value of a credit union?

“Integrity, Teamwork, Excellence, Commitment, Honesty, Respect, Service, Professionalism, Customers, Trust, Community, Loyalty, and Innovation should be applicable to almost every kind of business. A hospital, a paper supply company, a construction company, even an exterminator could share these values.

How do credit union values differ from banks?

The bottom line is that banks are for-profit institutions, while credit unions are non-profit. Credit unions typically brag better customer service and lower fees, but have higher interest rates. On the contrary, banks generally have lower interest rates and higher fees.

What is the mission of a bank?

Attracting deposits and developing them, in order to achieve the best financial return for shareholders and depositors. Expanding banking activities to include new sectors and economic activities; such as agriculture, industry, trade and services. Provide financing for investors. Provide security for depositors.

What is the downside of a credit union?

The downsides of credit unions are that your accounts could be cross-collateralized as described above. Also, as a general rule credit unions have fewer branches and ATMs than banks. However, some credit unions have offset this weakness by joining networks of surcharge-free ATMs. Some credit unions are not insured

What is the USSD payment code?

USSD Retail Payment is a solution that enables FirstBank customers to receive instant payments from anyone using a simple USSD short-code. The transactions are consummated via a mobile phone technology, using text-based interaction between a mobile device and an application platform or financial host.

Contact Details

Corporate Address: Primrose Tower, 17A, Tinubu Street, Marina, Lagos.
Head Office Tel: 012793030.
Tel: 01-2798800 , 07003290000.

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