Banks

In the annals of economic distress, poignant statements often serve as harbingers of the challenges that lie ahead. Three years ago, then- President Michel Aoun’s proclamation that we were going…

We live in a time when hardly a day goes by without hearing about a cybersecurity incident. The need for a safe and secure digital world significantly grew after the…

One banker, interviewed for this issue, said it: “Bankers feel threatened, bullied, and feel that they are [made to bear] responsibility for something that they did not do.” The stewards…

One year into Lebanon’s economic crisis, country total net losses are estimated at more than 44 billion dollars by the World Bank’s recent report as of early Q2 2020 and…

Real estate, long perceived in Lebanon as a long-term investment which would allow reaping profits in an economy of services, was in addition seen as an attractive investment due to…

Our financial system needs to wake up. Once the dynamic driver of our nation’s economy, it’s long slumbered at the wheel, abandoning industry and entrepreneurial activity in favor of cozy…

When it comes to the question of what Lebanese commercial banks should and could do differently in 2015, the short answer is ‘almost everything’. However, as far as what one…

Lebanese banks have enjoyed a long history of Iraqi businessmen coming to the country and banking here, or so boasts Makram Sader, secretary general of the Association of Banks in…

The proposed salary scale introduces an increase in spending of roughly $1.4 billion in public sector salaries. These funds will come from various taxation schemes, one of the most controversial…

"I’m much happier in Beirut than in London or Sydney or Melbourne. We belong to our roots,” says Salim Sfeir, chairman of Bank of Beirut (BoB), Lebanon’s seventh largest bank.…