Banks
Lebanese banking sector: USD 22.1 billion of profits in 26 years
Lebanese banking sector: USD 22.1 billion of profits in 26 years (1993-2018)
Lebanese banks’ deposits remain stable despite crisis
Whenever Lebanon experiences a major security or political crisis, people start to voice fears over instability of the Lebanese pound and the transfer of deposits from the Lebanese banking sector to overseas banks. Since 1998, Banque du Liban has pegged the Lebanese pound to the US dollar at a rate...
Lebanese State loses USD 14 Million in Real Estate Swap with Banque Du Liban
The Lebanese Cabinet approved in July 2012 to trade state property with property owned by Banque Du Liban, a transaction, which proved disadvantageous to the state as the latter agreed to the contract clauses, contrary to expert opinions.
Has the Banking Sector Started to Stumble?
The banking sector has constituted over the past few decades a major pillar of Lebanon’s national economy with considerable increases in bank deposits, loans and earnings, thus providing new vacancies every year and sufficient funds for the state to accelerate its economic growth. However, the...
