Good news for Lebanese abroad

Bank of Beirut and Emirates Bank are making it easier for non-resident Lebanese to send money home.

  • E-Mail
By  David Ingham Published  June 8, 2004

Bank of Beirut and Emirates Bank are making it easier for non-resident Lebanese to send money home. A new joint product, meNRL, allows Lebanese citizens living in the UAE to set up two linked bank accounts, one in the emirates with meBANK, Emirates Bank’s retail arm, and the other with Bank of Beirut in Lebanon. Customers can then transfer money from their UAE account to their Lebanese account free of charge and without significant paperwork. Internet banking customers can carry out transactions online. “This is a convenient new service that will greatly benefit Lebanese expatriates residing in the UAE," says Salim Sfeir, chairman and general manager, Bank of Beirut. "We believe that this is the type of product the Lebanese have been waiting for. With meNRL, they won’t have to rush from one bank to another, they can do everything in one go and free of charge.” Anis Al Jallaf, managing director and CEO, Emirates Bank Group, adds: “With the expertise of both Bank of Beirut and Emirates Bank, I fully trust that meNRL will be a great success.” MeNRL follows the launch of meNRI, a similar product launched around two years ago by Emirates Bank for Indian expatriates. Bank of Beirut has 40 branches throughout Lebanon and meNRL customers can base their Lebanese account at any one of those branches.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code