The banking world was rocked in early 2000 when the Basel II Capital Accord came out with its first draft. This accord emanated from the Bank for International Settlements (BIS),…
Nicolas Photiades
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Lebanese banks have increased their capital significantly over the last decade, as consolidated equity moved from less than $500 million in the early 1990s to slightly more than $6 billion…
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During the 1960s and 1970s, Beirut was globally acknowledged as the banking center of the Middle East. Lebanese banks flourished and built up strong franchises by picking up petro-dollar deposits…
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Since its independence, Lebanon has always been gold rich. In fact, during the prosperity years of the 1960s and early 1970s, the country was a net buyer of gold, increasing…
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Founded by Marc Hochar, a former Lebanese investment banker who had spent his entire professional life (more than 13 years) in investment banking and global markets with US investment bank…
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As a follow up to recent articles published in this magazine on fund managers, such as Philippe Jabre and Marc Hochar, and the numerous mentions in these articles of hedge…
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When implemented sometime during 2008, the Basel II Capital Accord will demonstrate that the entire Lebanese banking sector will be in need of extra capital to cover up the underlying…
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Back in September 2005, this magazine published an article about the possibility of holding a donors’ conference in Beirut in December 2005. In the same article, the magazine expressed serious…
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For a long time, there was a widespread belief in Lebanon that the Lebanese sector was highly diversified given the large number of banks (at one stage, the sector had…
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2005 has been a testing year for Lebanese banks. But it could have been a whole lot worse for the country’s most reliable economic sector were it not for the…