Banks a rock for Lebanon’s crisis

Lebanon’s banks remain a bastion of stability in a country that hardly has a government and is hurt by regional turmoil. However, in its ventures abroad, the sector has not always had immediate success.

Lebanese banks might have been rocked to their foundations by a combination of civil war at their borders, internal insecurity, the absence of a strong government and low growth at home. In fact, though, the banks are preaching stability and demonstrating relatively strong economic performances. The 56-bank system is largely profitable, a secure funder of the government and the private sector. It is also an investor in the region and farther afield, with ambitious plans to expand operations.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access