As the international banking sector continues to face strong headwinds in its efforts to emerge from a painful global downturn, the comparatively solid performance of Lebanese banks has been even more noticeable. With a strong emphasis on risk management and Central Bank supervision, the growth and stability of the Lebanese banking sector is encouraging, and enhances the country’s reputation as a regional beacon of stability.
Lebanese banks remain highly liquid and well capitalised, with a reported increase in deposits of 8% by the end of 2012, totalling more than $125 billion. In parallel with a solid domestic performance, Lebanon’s banks are also expanding into more overseas markets with successful operations in the Middle East and Africa.
It is clear that its banking sector harbours big ambitions for the future, underpinned by a conservative approach which shields it well from economic and political turbulence.
Hosted as part of the 2013 IMF-World Bank meetings, this reception will allow leading international bankers and government officials to come together and discuss the development of the Lebanese banking sector.
