Central Bank: Riad Salameh Discusses Surviving The Turmoil
We would like to see a more balanced government budget. The amount of debt is not a problem as long as we are attracting large capital inflows.
List of all articles filed under “lebanon-banking-interviews” category.
We would like to see a more balanced government budget. The amount of debt is not a problem as long as we are attracting large capital inflows.
Blom Bank is traditionally a commercial bank. However we have expanded gradually to become a full service bank. Now we are the number one bank in Lebanon and in the region in terms of retail banking.
Lebanese banks and the banking industry in Lebanon is performing quite well despite the ongoing conflict in the neighbouring Syria. Dr. Sader expects the banking activities in Lebanon should reach 7% growth in 2012 but the growth in profits will be slower.
For the past few years we had a different strategy to be closer to our clients and give them access to our global network and we also offer very competitive pricing compared to the other players in Lebanon.
I would like to see increased economic real absorption capacity to process properly the in flows of capital to Lebanon not just being obliged to sterilize deposits coming into Lebanon banking sector.
My overall assessment is that the Lebanese banking sector is sound and robust financially and compliant with international standards. It is a combination of modern and traditional banking whereby the family ownerships still play and important role in the governance of banks in Lebanon.
“We’re going to maintain the model on which we have worked because this model is guaranteeing low leverage in our banking sector. “
My aim is to increase our equity, which has doubled since 2005. Also, I would like to double our assets and be a leader in the strategic business lines we have targeted.
The Lebanon banking sector has grown markedly over the last years with total assets nearing $120 billion as at the end of the first quarter of 2010, customer deposits exceeding the $99 billion mark and loans to the private sector firming at $25.79 billion.
Largest Bank in Lebanon, Bank Audi, CFO and Strategy Director, Dr. Freddie Baz
Bank Audi want to be present in a big number of markets as a major regional player. We have proven our capacity to grow organically but we have also proven our interest and aptitude for inorganic growth through our track record with acquisitions and our capability to generate quick synergies.