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Corporate Banking

Corporate Facilities

Collaterals/Support Accepted to BCN

  • Cash collateral: 110% (of principal plus interest) same currency, 120% different currency, 120% USD vs. LBP deposit with a spread of 2% on same currency and prime rate on different currency
  • Personal guarantee
  • First degree real estate mortgage
  • Proxy to mortgage
  • Life and PTD insurance on key manager
  • Fire and theft insurance
  • The Credit Committee has the right to ask for any other collateral as per the client’s credit profile

Documents Required

  • Copy of ID or passport, or extract of civil status of shareholders
  • List of real estate properties as per BCN’s template along with copies of title deeds and real estate certificates
  • Quittance letter from NSSF
  • Personal net worth statement as per BCN’s template for the shareholders and guarantors
  • Bank statement of accounts for the past 12 months
  • Documents for guarantors same as shareholders
  • A copy of ID
  • Extract of civil status of the guarantor(s)
  • Documents proving the place of work (lease or investment contract, copy of title deed, etc.)
  • Financial statements for the past 3 years audited (presented to the Ministry of Finance)
  • Company’s commercial circular
  • Company’s bylaws
  • Commercial register certificate
  • Extract of commercial register (recent)
  • Copy(ies) of minutes of most recent meeting(s) of General Assembly and Board of Directors (as and when applicable)
  • Licenses for business wherever applicable
  • CDR for the borrower, shareholders, and guarantors
  • The Credit Committee has the right to ask for other documents on a case by case basis

Eligibility

  • Well-established businesses with successful track records and credit worthiness
  • Businesses existing for 3 years at least
  • Legal status: Individual Establishment, Partnership, Limited Liability Company, or Limited Partnership
  • The Bank has the right to request appropriate guarantees and documents as per BCN’s credit policy and procedure
  • Clean judicial record

General Features

  • Well-structured facilities to finance companies and projects that abide by the local Central Bank and International standards
  • Interest: Competitive rates subject to market conditions
  • Currency: LBP or USD
  • File fees: 1% of the approved limit annually