“I am afraid that the profits of the local banks will fall by 25 percent at the end of the year” “It is not collapsing, but it is on the …
Category:
Banking & Finance
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NSSF crackdown yields results The National Social Security Fund (NSSF) — Lebanon’s largest insurance company and the public provider of social security to the private sector — has been cracking …
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Lebanon’s Transportation and Public Works Minister Ghazi Aridi after the Cabinet extended Middle East Airlines’ exclusivity deal for another 12 years:“We did not extend exclusivity to a normal company, but …
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Deposit outflow for the banking sector The banking sector in Lebanon registered an outflow in deposits of $110 million in July after growing by an average of $700 million each …
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Tighter times for Lebanese banks Lebanese banks’ first-half results have revealed tougher market conditions. Overall for the banking sector, deposits grew by just $3.2 billion in the first five months …
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“This summer season is not only over, you can say it has been martyred!” “We expect profits to fall by 4 to 5 percent and this is linked to the …
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“Entrepreneurs in Lebanon are not mature enough and not trained well enough to become investment ready, but once they are investment ready, they could find money here, in Jordan or …
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And then there were 8… Lebanese banks lost ground in The Banker magazine’s latest survey of the top 1,000 commercial banks in the world. Eight Lebanese banks made the list, …
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“There will be no more adventures. Greece’s place in Europe will not be put in doubt.” Beirut MP Nabil Du Freij:“Taxes are increased when the economic conditions are improving, not …
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Lebanon is an anomaly in many ways, and no less so when it comes to international credit ratings. While most of the world still depends on Fitch, Standard & Poor’s …