Improving the Role of Eximbanks/ECAs in the OIC Member States
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Lebanon
The Lebanese Credit Insurer (LCI)
Name of Entity: The Lebanese Credit Insurer (LCI)
Status: Private Ownership (Atradius
Participations Holding, 48.9%; Link
Investments Holding, 10%; Insurance
Invest. Intl. 9.9%; United Commercial
Assurance, 5.5%; UCA Insurance E.C.,
5.5%; Boomerang Invest. Holding, 4%;
AIMS Holding, 4%; Al Mashrek
Insurance Services Holding, 4%; LIA
Insurance, 3%; Assurex, 3%; Associated
Holding, 2%; Others 0.2%)
Corporate Form: Private Company
Year of Establishment: 2001 Capital: N/A Size of staff: N/A
Financial outturn: N/A Assets: N/A
Product Offerings
Financing
 Factoring is provided through Levant Factors, LCI’s 50% owned subsidiary (with FIMBank)
Guarantee
 None
Insurance
 Trade Credit Insurance: Covers suppliers (manufacturers, trading companies & providers of
services) against the risks of non-payment of their account receivables with local and foreign
buyers.
 Extended Short-term Credit Insurance: Covers the sales or the financing of vehicles or
machinery to corporates on monthly installments over a period not exceeding 36 months.
 Excess of Loss: Client retains a percentage or amount of the risk up to a limit determined in
advance and the insurer pays the remaining amount of the claim above that limit up to a
specific sum.
Bonding Facilities
 None
Advisory and Other Services
 Credit Information: LCI prepares a credit information report (domestic and international)
that will help a client make decisions based on current and relevant information, including
business expansion into new markets informed by the creditworthiness of new prospects.
 Debt Collection: LCI takes full responsibility on collecting bad debts, including verbal
negotiations, correspondence, final demands, solicitor's letters and drawing up repayment
plans. Each situation is analyzed individually and the best strategy for collecting receivables
and recovering overdue debts locally and internationally is recommended to the client.
 LCI Watch: This online report evaluates a company’s financial health and provides
simulations of its future financial trends.
 Rating: LCI provides a published ranking based on detailed financial analysis of companies’
financials and history. The ranking relays critical information on the company’s current
ability to meet debt obligations and provides recommendations on beneficial changes to the
balance sheet.
 Consultancy: LCI’s consultancy services are provided to existing and future LCI partners and
encompass the entire cycle associated with Trade Credit Insurance, i.e. marketing,
underwriting, risk assessment, claims, reinsurance and IT.
Islamic Finance Instruments
 None