Future of Cloud Computing in Banking Sector
A leading provider of core banking and insurance software based in Lebanon believes that the banking and insurance sector is not ready…
Leader in Banking, Insurance and ERP Software Products in Lebanon
Joe Faddoul, Chairman of BML Istisharat
Joe Faddoul describes BML Istisharat as a boutique IT company which products can smoothly run in London, Mauritania, Kuala Lumpur as well as in Paris. The banking, insurance and ERP products of BML Istisharat run in many languages, too. Mr. Faddoul says that adaptation and flexibility are the keys for the success a business like BML Istisharat.
Lebanese Banking Regulations: FATCA, circular 126-2012 & Basel III
Dr. Makram Sader from Association of Banks in Lebanon explains 3 major regulations…
Banking Activity to Grow by 7% in 2012
Association of Banks in Lebanon expects 7% growth rate in the banking activity in 2012…
Blom Bank: Strategy, Finances & Vision
Saad Azhari, Chairman and GM of Blom Bank discusses the strategy and vision for Blom Bank.
Lebanese Banking Sector Regulations: Most of Deposits from Lebanese Residents
83-84% of deposits in Lebanese banks are from the Lebanese residents and 16-17% are from non-residents (a big portion of those numbers are from Lebanese who live abroad).
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.