Home Banking & FinanceFor your information

For your information

by Executive Editors

Syria unrest sparks Lebanon banking downgrade Moody’s downgraded its outlook on Lebanon’s banking system to “negative” from “stable” due to weak economic growth and regional political unrest. Moody’s is concerned by the political uncertainty in Syria, as well as the exposure of local banks to countries such as Jordan and Egypt with slower economic growth or political turmoil. The ratings agency expects the profitability of Lebanese banks to come under pressure in 2012 and also predicts the trend of non-performing loan improvement that spanned from 2006 to 2010 to be reversed. Moody’s is also worried by the banking system’s heavy exposure to Lebanon’s sovereign debt, estimated at more than $50 billion, rendering it highly geared to the performance of the government. Moody’s highlighted the solid liquidity and the resilient deposit base as alleviating the downside risks. New UAE company law to raise international investor interest The UAE has approved a

You may also like

✅ Registration successful!
Please check your email to verify your account.