AMID THE POLITICAL storms that have swept across Lebanon in the past two years, the country’s banking sector has not only been a pillar of stability; it has enjoyed a veritable boom.
Lebanon lacked a president and a functioning government for more than 18 months; economic growth stuttered to a standstill after the 2006 war between Hizbollah and Israel; and street-fighting in Beirut earlier this year almost plunged the country back into sectarian civil war.
Nevertheless, Lebanon’s renowned banks have thrived.
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