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.

Accordingly, 2011 was a difficult year for the Lebanese banking sector. 2012 starts to see improvement in the sector; compared to 2011 deposits grew by 10% and lending in Lebanese banks grew by 13%, indicating that the situation in the banking sector is improving.