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.
Middle East
Latest articles from Lebanon
Riad Salameh
March 10, 2009The 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, 2009A 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, 2008Despite 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, 2007Faced 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, 2006Nick 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, 2006More confident Lebanese banks have been moving into regional markets, helping to win another ratings upgrade, write Jon Marks and Eleanor Gillespie.
Activity on the acquisition trail
March 6, 2006Lebanon’s top two banks have boosted profits and set their sights on regional and global expansion, despite political turmoil at home. Stephen Timewell reports.