This is because their identity can be easily verified and the banks are confident that they can be traced in the event of loan default based on their PIN or biometric information stored on the Lebanese Identity Card. Credit Information: The use of the Lebanese Identity Card can enable the banks in the Republic of Lebanon to easily establish persons credit-worthiness from the Credit Referencing Agencies any time they apply for a loan. This may lead drastically to the reduction in bank rates on loans since the banks can establish whether they are already servicing a loan from another bank which will result in a reduction in the incidents of bad debts.