Visa International’s card distribution in Lebanon up 55 percent
Banque Libano-Française (BLF) distributed 32,000 credit cards last year, 97 percent of which were Visa cards. Visa figures revealed a 55 percent increase in card numbers in Lebanon since last year, the highest growth in the Middle East region
There are now over 300 million cards in circulation throughout the country. Lebanon is one of the fastest growing markets for Visa throughout the Middle East. Latest annual figures for the year ending 31 December 2002 revealed the total number of transactions totaled six million, which represents an increase of 54 percent from the previous year – the second highest growth pattern throughout the Middle East.
As one of the top tier banks in Lebanon, BLF has 26 branches across the country. Established in 1930, BLF is part of one of the world’s major banking groups, Crédit Agricole, enabling clients access to a number of global financial services. — (menareport.com)
© 2003 Mena Report (www.menareport.com)