OMT, Federal Bank of Lebanon s.a.l. to provide 'Cash to Bank' service

The agreement falls within the framework of OMT's go-to-market strategy in Lebanon, and complements its consumers' experience while meeting the Federal Bank of Lebanon s.a.l.'s constant efforts to provide banking products and services to their customers in convenient and secure ways.

"Today's announcement shows how two major groups in Lebanon can collaborate in finding synergies between them to deliver win-win solutions to their common clients," said Hikmat Abou Zeid, executive board member at OMT.

With the "Cash to Bank" service, Federal Bank of Lebanon s.a.l.'s clients will only need to go to their nearest OMT location and show the OMT-Federal Bank of Lebanon s.a.l. card as well as their ID card for any transaction.

Federal Bank of Lebanon s.a.l. has recently launched "Redefining the Art of Banking", a new concept of banking whereby it has dismantled the barriers between the client and the bank.

Since 2008, under the management and vision of Mr. Yasser Mortada, Federal Bank s.a.l. has adopted the theme of "client satisfaction is first and foremost" while market players in the banking industry have quite similar strategies in satisfying the basic banking needs of their clients by offering products and services in the traditional manner since competition is mostly price-driven. At Federal Bank of Lebanon s.a.l., delivery of banking products is appealing and rewarding thus "Redefining the Art of Banking" and giving a soul to banking services.

In line with this, Federal Bank of Lebanon s.a.l. introduced in May 2010 the first "Boutique Bank" concept. Today, Federal Bank of Lebanon s.a.l. has joined efforts with OMT to launch the new "Cash to Bank" service that ensures a quick and convenient execution of various transactions. Customers all over Lebanon can through any of OMT's 900 locations pay their monthly dues or transfer money to their accounts at Federal Bank of Lebanon s.a.l. by visiting the closest OMT offices.

The expansion and growth that have been achieved by OMT until now are supported by the trust that the company has earned over the years because of its constant pursuit to deliver and provide perfect value-added services. OMT is continuously striving to develop services that meet and exceed its clients' expectations.