Cedrus Bank (French: Cedrus Bank; Arabic ：سيدروس بنك）（ part of Cedrus Group) is a Lebanese bank established in 2015 to serve individuals and businesses in Lebanon and the region. [2]
On March 3, 2018, Cedrus Investment Bank announced the acquisition of Standard Chartered Lebanon and the establishment of Cedrus Bank. Cedrus Invest Bank owns 85% of Cedrus Bank's capital, with a total capitalization of $60 million in 2018 and the remaining 15% owned by Nicolas Chammas, President of the Beirut Traders Association.
Fadi Assali, co-founder of Cedrus Invest Bank, has been appointed CEO of the new bank, and Nicolas Chammas has been appointed Vice President.
Allegations [
The bank is known to be owned by President Michel Aoun and his family, who have denied the allegation.
Headquarters
Cedrus Bank is headquartered in Dbayeh, with two branches in Verdun and Achrafieh
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