RIGHTS AND DUTIES



Committed to all resolutions and circulars issued by the regulatory and supervisory competent authorities, LIBANK SAL (Levant Investment Bank) will continue to use his efforts and to take all measures that enable him to provide better services to its customers with full transparency and professionalism while ensuring their rights, So he submit to its customers this booklet to get to know their rights and know their duties.

CUSTOMER’S RIGHTS
  • To take cognizance of the terms, conditions, and details of the product or service, and to request ample explanations to be sure that he/she has understood them and can abide by them.
  • To obtain from the concerned employee a clear, ample and simplified explanation about the financial services and products with different risk levels.
  • To obtain from the concerned employee a professional and clear answer to any question concerning an ambiguous clause or condition.
  • To request the use of Arabic in any document, correspondence or transaction with the bank.
  • To request to read and obtain in advance a copy of each document and text referred to in any contract or any document to be signed with the bank.
  • To obtain and retain a copy of the contracts and documents signed by the customer, without bearing any additional cost.
  • To request the bank to determine the actual cost of the product or service, including the actual insurance cost and the computational method of the lending or deposit interest rate.
  • To choose freely an insurance company among, at least, five companies that are accepted by the bank and mentioned in a written list, in case obtaining the product or service is contengent upon the submission of an insurance policy to the bank.
  • To obtain any product or service, provided it is suitable with the customer’s request, profile and perception of the likely financial risks associated to the product or service.
  • To obtain, for each product or service, a periodic detailed statement of account.
  • Refuse to sign a blank or incomplete Form and make sure all the required fields and figures in the Form to be signed by the customer are correct and
  • To submit a claim about any service or product, and requestfrom the bank an explanation on the claim submission procedure, the time limit needed to be notified of the claim outcome, and the mechanism applied to submit the claim to other authorities whenever the customer is not convinced of the claim outcome.


CUSTOMER’S DUTIES
  • Provide true, complete and accurate information when filling out any Form provided by the bank, and refrain from providing any false information.
  • Disclose all financial obligations when applying for a product or service, without prejudice to the rights conferred to customers by the Banking Secrecy Law.
  • Update the personal information submitted to the bank, on a continious basis and whenever required to do so.
  • Comply with the terms and conditions governing the chosen service or product.
  • Promply notify the bank of any unknown operation on his/her account.
  • Provide the bank with his/her home address, work address, email, ordinary mail, and telephone number, and report any change in this information to enable the bank to contact the concerned customer personally and thus guarantee the privacy of information.


INSTRUCTIONS TO THE CUSTOMER
  • Do not provide any other party, under any circumstances, with any details about your bank account or any other banking or critical personal information.
  • Whenever facing financial difficulties preventing you from meeting your obligations or paying your installements in due time, refer to the bank or financial institution in order to find out the best options, including the rescheduling of obligations.
  • Be careful when granting a proxy to a third party to complete your banking and financial transactions, by clearly determining the powers delegated under this proxy.


HOW TO SUBMIT YOUR CLAIM (THE COMPLAINT)
To submit any claim or complaint, you can contact LIBANK’s Head Office (Customer Service Department) on the following addresses:

Phone: +9611 331 444 - internal divider No. 403 
PO Box: 11-5173 Beirut - Lebanon
E-mail: achamoun@libank.com.lb

Or go directly to LIBANK’s Head Office (Customer Service Department) on the following addresses:

Sofil Center – Achrafieh – Charles Malek avenue - fourth floor - Beirut - Lebanon.
Your review or complaint will be dealt with in a professional and confidential way in order to offer you the best solutions.





VIEW RIGHTS AND DUTIES in Arabic Version