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AL-MAWARID Bank and Allianz SNA create a new Bancassurance partnership for the Retirement and Education Saving plans
AL-MAWARID inaugurates its new Cola branch - 06-07-2011
The Bank affirms its consolidated presence in the capital’s business hubs

The Bank affirms its consolidated presence in capital's business hubs

Beirut, July 6th 2011:
In line with its comprehensive expansion plan, AL-MAWARID Bank s.a.l., one of the leading banks in Lebanon, has inaugurated its new Cola branch during an afternoon cocktail. The event was attended by members of the Bank’s Board of Directors and Management headed by Chairman Mr. Marwan Kheireddine; in addition to a pool of social figures, businessmen and prominent figures from different economic sectors.

The Cola branch benefits from a strategic location in Beirut, accessible from very important business centers in the capital and its suburbs. Through its new premises, the bank will further consolidate its presence in Beirut’s business hubs, providing a wide and comprehensive range of services to its neighboring client base in addition to potential customers looking for innovative banking services that would meet their needs and expectations.

From his end, Mr. Marwan Kheireddine, Chairman of AL-MAWARID Bank, said: “we have the pleasure to add a new branch to our constantly growing network. We believe that the Cola branch will provide our customers with the best and most innovative products and solutions according to the highest banking standards. We will remain faithful to our expansion plans by opening new branches in vital areas of the capital with the aim of endorsing local business needs and investment activities; our ultimate aim being to actively contribute to the growth of the Lebanese economy”.

Mr. Kheireddine added: “we would like to thank all our stakeholders for their efforts and continuous support; because of them, we are able to play a significant role in reinforcing and strengthening the local economy and endorsing the Lebanese companies”.

It is noteworthy that AL-MAWARID Bank is a pioneering banking institution, being the first to introduce the credit cards concept to the Lebanese market in 1995 as well as to provide mobile phone banking services in 2010.

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