The lebanese economy and the lebanese banking sector
October 26 2018
The Lebanese Economy and the Lebanese Banking Sector: Facts and Figures shows the real image of the Lebanese economy, focusing on the various factors behind the economic growth, the major role of financial inflows in contributing to deposits growth and in financing the huge current account deficit. The document explains also the reasons behind the debt sustainability in Lebanon and the risk perception of sovereign bonds’ holders. It resumes finally the banking activity constrained by regulations, conservative policies and limited diversification instruments.
The Lebanese Banking Sector: In the Fight against Money Laundering and the Financing of Terrorism highlights the clean sources of deposits growth, tying it largely to the huge, diversified and very successful Lebanese Diaspora. The document also analyzes and confirms the compliance of the Lebanese banking sector, regulators and legislators with international rules and regulations in the anti-money laundering and the counter-financing of terrorism (AML/CFT) fields, and addresses the latest developments concerning the Lebanese banking system’s coordination and cooperation with international banks and governments.