Latest articles from Lebanon

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Doomsayers defied but challenges loom for Lebanese banks

October 5, 2009

Lebanon's banking sector won worldwide praise for its resilience to the economic downturn. A bigger challenge for the banks, however, will be to convince the country's new government of the urgency of fiscal and economic reform.

Spotlight on investment trends in Lebanon

October 5, 2009

During the past five years, Lebanon has emerged as a prosperous investment arena for the hotels and tourism and business services sectors, writes Charlie Corbett.

Pillar of strength

October 5, 2009

Lebanon's banks are thriving and this is in no small part down to the actions of the country's much-admired central bank governor, Riad Salameh. He spoke to The Banker about how he plans to maintain the country's financial stability.

Riad Salameh

March 10, 2009

The governor of Lebanon’s Central Bank explains how strict regulation has ensured domestic banks have plenty of reserves to fall back on during the crisis.

Lebanon reaps the benefits of caution

March 10, 2009

A recent history of political turmoil has taught Lebanon to manage its risk carefully. Domestic banks’ highly conservative approach has not only helped insulate them from the crisis but means they are now attracting funds from local depositors who have lost confidence in foreign institutions. Writer Jules Stewart.

Depositors drive sector growth

May 5, 2008

Despite the political pressure and turmoil of not having a president, resilient Lebanese banks are continuing their expansion abroad, writes Nadine Marroushi.

Political conflict at home pushes banks overseas

March 5, 2007

Faced with political instability following the Israeli-Hizbullah war, Lebanon’s banks have expanded abroad in order to diversify their income sources. Stephen Timewell reports from Beirut.

Business as usual in Beirut

September 4, 2006

Nick Kochan explains how contingency planning allowed The Bank of New York Beirut office to remain operational as Israeli bombs fell on Lebanon’s capital.

Shopping abroad for Arab liquidity

May 2, 2006

More confident Lebanese banks have been moving into regional markets, helping to win another ratings upgrade, write Jon Marks and Eleanor Gillespie.

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