In line with LGB Bank’s overall strategy focused on offering clients with top quality services, the bank recently announced the launch of the Safe Guaranteed Plan (SGP) 2016 insurance plan in association with MedGulf. This smart, short-term investment scheme is a financial plan that secures a substantial and guaranteed return on deposits over a three-year period.
The SGP 2016 allows clients to invest in small amounts ranging from USD 5,000 up to USD 25,000. The whole value of the investment will be completely redeemed at maturity, besides a guaranteed 5% dividend paid every 6 months. Customers will also obtain a free life-insurance policy for the duration of the plan.
This initiative is consistent with LGB BANK’s dynamic strategy in retail banking, as the bank proposes a wide variety of financial products that suit the aspirations and objectives of all segments.
Following its recent pioneering achievements among the Lebanese Banking Group “Alpha” on the audited financial results, the bank was ranked first in the asset growth rate of 12.44%, second in the deposit growth of 10.9%, third in the growth of private capital that increased by 17.10%, fourth in the growth of loans that increased by 8.43%, and won the fifth place in the net profit growth rate of 13.14%. In recognition of the efforts exerted by LGB BANK s.a.l. to establish a distinct position among the biggest Lebanese banks, the World Arab Bankers granted the bank the Banking Executive Award 2016 for the Best Bank Card in the Arab world. The bank also received the MEFTECH award for the best retail bank of the year and the prize of Best Financial Transformation by Banker Middle East. This proves that LGB BANK s.a.l. seeks to acquire various awards that showcase its success through its innovative and modern financial products offered in its 18 branches in Lebanon, a branch in Cyprus, and a representative office in Dubai, and through its highly secured and safe online banking services on mobile and web, in addition to a range of social media channels. Moreover, the bank’s customers benefit from unprecedented services such as advanced loyalty program and night banking services, in addition to quality products such as foreign currency cards in UAE Dirhams, Turkish Lira, Saudi Riyal and Sterling Pound, as well as elite cards such as Black Card, Porsche Club Card and Yacht Card.