SLCB provides confidential analysis for business owners wishing to finance, export, and start-up or carry out expansion projects and/or acquire/partner new business projects between Lebanon and other countries.
At SLCB, the client's best interest is our focus. The Bank's role is to understand the clients' objectives. Our professional team of financial experts provides clients with the best advice, services and facilities designed to meet the clients' individual and specific needs.
Services include letters of credit, letters of guarantee, documentary collection. Quality of service, combined with professionalism and efficiency, has been the cornerstone of SLCB success and development.
Letters of credit
Letter of credit is being issued by SLCB at as per letter of credit opening request in favor of benef abroad.
This procedure allow secure and financial risk-free business deal between between the exporter and the importer, whereby the latter issues a letter of credit (also called an L/C or Documentary Credit), in favor of the exporter which guarantees the exporter's payment for goods or services, provided that the terms and conditions of the L/C are complied with.
Letters of guarantee
If the conclusion of a deal requires a guarantee, SLCB can request issuance of a letter of Guarantee through any of Commercial Bank of Syria branches, according to the Syrian laws and regulations.
SLCB acts as a intermediary for handling documentary collection , between local banks, private companies in lebanon and the CBS branches, for smoother and quicker commercial transactions.
SLCB provides foreign exchange dealing services and ensures extremely competitive rates of exchange for all transactions.
Accounts & Services
SLCB offers top-of-the-notch banking services and products to its customers banking needs through their Current Accounts Department.
Such products and services include:
A Current Account can be opened both for individuals and legal entities upon presentation of an approved personal identification document for individuals , and the approved registration documents for companies , institutions and legal entities.
It may be opened in the name of one or more individuals with specification of the authorized signatories and their signatory powers ( severally/jointly ) A checkbook is granted for this account.
Customers may open more than one sub account.
It does not carry any credit interest.
Free-of charge statements of accounts are issued every six months and for USD 1, or equivalent for each page upon a special request by client.
Account holders may use all of the Bank's services , as per the specific conditions of each service.
This account can be opened in Lebanese pounds ,USD , Euro and in any other major foreign currency.
A Saving Account can be opened for individuals upon presentation of an approved personal identification document
It may be opened in the name of one or more individuals with specification of the authorized signatories and their signatory powers ( severally/jointly ) .
This is a personal account from which withdrawals are to be made personally by account holders at the counter of the branch .
Minimum amount for opening a Saving account is: 1,500,000 lebanese pound or the equivalent in other currencies.
It carries a credit interest, the percentage of which shall be determined by area , provided that the balance of the account remains above the minimum set for bearing such an interest .
Free-of-charge statements of account are issued upon request .
Upon the customer's request , this account shall be granted all of the bank's self-services , in accordance with the specific conditions for each service .
No check books are given for this type of account and no check withdrawals can be made on it.
Account holders may use all of the bank's services , as per the specific conditions of each service .
This account can be opened in Lebanese pounds , USD, Euro or any other major foreign currency .
Saving Term Accounts
This account can be opened for both individuals and legal entities upon presentation of an approved personal identification document for individuals , and the approved registration documents for companies , institutions and legal entities .
This account may be opened in the name of one or more individuals with specification of The authorized signatories and their signatory powers ( severally/ jointly ).
Fixed deposit accounts carry a certain interest, the percentage of which shall be set at the time of deposit and upon each renewal .
Minimum amount for opening a Saving term account is: 15,000,000 lebanese pound or the equivalent in other currencies.
The balance must be higher than the minimum set for this account in the relevant area , otherwise the interest shall not be computed .
No checkbooks are given for this type of account, and transfers there from cannot be made through the Bank's self-services .
Withdrawals from this account may not be made at the counters of others branches .
Upon maturity ,the account is automatically renewed for an identical period and at the interest rate prevailing thereupon, unless otherwise instructed five days prior to maturity date by the account holder .
Withdrawals or transfers from this account may not be made before dates of maturity, unless otherwise stipulated by the prevailing norms, laws and regulations. This account can be opened in Lebanese pounds, USD, Euro or any other major foreign currency.
To further serve our customers, we provide:
Transfer - Outward and Inward
Foreign currency ( buy/sell )
Drafts / Collect
Fax operations and services across the border
Settlement of phone and electricity bills (DOMICILIATION)
Best currency exchange rates
Transfer - Outward and Inward
Outward remittances are issued as per an application submitted by the person requesting the issuance . The application specifies the requested amount , the beneficiary's name and address, bank account number , and the name of bank and branch (if available) .
The bank allows for executing periodic outward remittances in specified amounts and dates upon fixed instructions from its clients .
The Bank applies the SWIFT correspondence system, which is an advanced , speedy , accurate , confidential , and secure system.
Branches receive inward remittances and payment orders from branches and other banks for payment to their respective beneficiaries either in cash or by crediting their accounts .
Commission is levied by the bank for its inward and outward remittances , in accordance with the applicable laws and regulations at the bank. Clients may send their instructions by tested fax.
Foreign Currency Buy / Sell
SLCB provides foreign exchange dealing services and ensures extremely competitive rates of exchange for all transactions. SLCB provides the service of buying and selling currencies against other currencies or the local currency . The Bank also provides its customers with the service of foreign currency deposit , withdrawal , and transfer between accounts in the account currency or in any other currency .
At a minimal charge , we can pay on your behalf all invoices pertinent to the following :
Regular phone : LBP 5,000
Electricity LBP 5,000
Mobile ( FTML or Libancell ) : USD 3
Forms are available at all SLCB branches . Please complete form that will be processed with the authorities concerned .
The bank accepts all denominations of travelers' checks issued by large and specialized companies in this field , against a specified commission collected directly from the customer .
Personal checks whose drawers are either individuals or legal entities and which are drawn on their accounts at branches or at external banks. Such checks are taken and dispatched by the bank on collection basis , they are to be credited to the beneficiaries' accounts only after their final collection .
Drafts - Outward
Outward drafts of Syrian Lebanese Commercial Bank SAL branches drawn on other branches can be cashed by any branch of Syrian Lebanese Commercial Bank SAL.
One cancellation of an outward draft is possible after returning it to the bank.
In case the draft is lost or stolen , the draft applicant or beneficiary may submit a stop-payment request for the subject draft to the Bank .