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.
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