Finance articles

Unlocking the potential of Banks

Dr. Shadi Karam Chairman and general manager, BLC Bank E BLC appears to be on the verge of being sold. What do other non-alpha Lebanese banks need to do to be more competitive and attractive to investors and buyers? You have to compensate for size with creativity. This is what we have done. It so

The Gulf economies come of Age

It’s been a historic year for the region. Some are calling it the oil boom of the new millennium, others are recognizing it as the coming of age of the modern Arab economy, but the reality remains that the growth witnessed across all sectors in the Arab world in 2005, was nothing short of phenomenal.

Coming out on top

News does not move the markets; perceptions move the markets. Nowhere has this axiom been truer than in the Lebanese financial markets in this intense year of 2005. The amount of negative vibes emanating from the country this year would have lead many linear thinking people to think that the year was headed for a

Buildimg up the financial markets

Jean Riachi Chairman, Financial Funds Advisers E How could UN sanctions on Syria affect Lebanon’s finance sector? What can we expect from Syria in the long term, after possible regime change or crisis resolution? I don’t think UN sanctions on Syria would affect Lebanon’s finance sector. I don’t see how they could affect it. They

Hedging your bets

with many businesses across all sectors suffering from the fluctuation in the euro and watching their profitability erode, it is important to recap on hedging, the process via which businesses can lessen the impact of unexpected currency moves on their bottom line. Without delving into the complex types of hedging, simply put, here is how

Q&A: Semaan Bassil

E: Byblos Bank today is very active in addressing new markets. What are the most important developments and what are the reasons behind them? Three years ago, the bank set up a strategy to start focusing outside of Lebanon, because the economy of Lebanon is small and our bank is big compared to the size

Banking Voices – Size still matters

Georges Abou Jawdeh: President, Lebanese Canadian Bank E: After encouraging developments on the interest rate front, Banque du Liban has once again adjusted the rates upwards. In such an environment, how can the banking sector develop a more efficient corporate and retail lending culture? Following the Paris II meeting for donor countries to Lebanon and

Brighter times for banking in Lebanon

In 2003, the Lebanese banking sector showed significant improvement in terms of deposit and asset growth, as well as in terms of profitability. The Paris II conference in late 2002 triggered a more efficient monetary policy from the part of the government and the central bank (BDL), which led to a sharp drop in deposit

No monkeying around on the markets

Financial markets despise uncertainty, but in Lebanon, these markets were served with large doses of uncertainty time and time again in 2004. Certainly, Lebanon’s geographical location did not help matters: worsening developments in Iraq, ongoing violence in the Palestinian territories, and the stand-off between Syria and the international community, all made markets twitchy. On the

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