Major Challenge for Lebanese Banking Sector
Saad Azhari, Chairman and GM of Blom Bank says “The highest risk for us is the government itself. Our biggest customer for loans and for the banking sector in Lebanon is the public sector…
“Interest Rates in Lebanon to Remain Stable” says Blom Bank
The average interest rate paid in Lebanon is 2% higher depending on the bank, with interest rate paid between 2.5 and 2.8% on dollar deposits.
Banking Sector in Lebanon: Non-Performing Loans to Increase in 2012
During the last 4-5 years, non-performing loans went down from 8% to about 2.9% and to 3.7% in 2011. Blom Bank’s Chairman and GM sees increase in non-performing loans in 2012 due to events in Syria and Egypt.
Lebanon: Banking Sector Situation is Improving
Major events shook Lebanon in 2011. The political stalemate, Arab Spring and Syria uprising were all factors that negatively affected the regional perception of stability and economic growth.
“Lebanese Banking Sector is Extremely Liquid,” says Blom Bank
Despite the regional situation, banking sector in Lebanon performed well in 2011. 2012 started off very well for the banking sector in Lebanon; the banks are growing, says Mr. Azhari. Blom Bank enjoys the best return on equity, the best return on asset, the lowest cost to income etc. Blom Bank has recently received an award Best Bank in Lebanon for 2012.
Lebanese Banking Sector Regulations in 2012
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.
Assessment of Lebanese Economy and Lebanese Banking Sector
In 2010, Lebanese economy is going to record the same growth as in 2009. Banking sector in Lebanon is the backbone of the economy and, due to strong Central bank policy adopted in 1992, it is not exposed to the global crisis.
Lebanon Banking: Analysis of Lebanese Banking Sector
The banking sector in Lebanon is one of the strongest in the region, based on solid fundamentals namely high liquidity, strict and stringent regulation by the central bank and strong policies that have been evolving in line with market needs and trends. The sector represents the backbone of the Lebanese economy Mohammed Hariri , president and CEO of BankMed
BankMed Top Bank in Lebanon Banking Sector
BankMed has become one of the leading banks in Lebanon because of its strategy. Over the past few year the equity has been doubled with a vision to challenge the top 2 players in the market within the next few years. Mr. Hariri provides his vision of BankMed.
Arab Bank in Lebanon Price Competitive with Regional Network
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.