Everand Logo

Welcome to Everand!

  • Lebanon Opportunities

    MATTERS OF FACT

    Jul 08, 2019 3 minutes

    PRIVATE SECTOR CREDIT UNCHANGED LAST YEAR

    utstanding credit provided by the financial sector to the private sector increased by 1.3 percent in 2018 to stand at $69.5 billion at the end of the year, according to the Central Bank’s ‘Quarterly Bulletin’ for the fourth quarter of 2018. Loans by commercial banks to the private sector witnessed a decline in the first quarter of 2019 as their appetite for lending remains constrained amid the current low growth environment, Bank Audi said in its ‘Lebanon Economic Report’ for the first

    You’re reading a preview, subscribe to read more.

    More from Lebanon Opportunities

    Lebanon Opportunities7 min read
    Production Of Inputs Is Growing
    Production of agricultural inputs is growing on the local market driven by the crisis and an increasing interest in health and environmental issues as well as in food security. Manufacture of composts and bio-fertilizers is advancing while making bio
    Lebanon Opportunities3 min read
    Banks Live By Fees Alone
    Banks continue to rely on fees amid narrow interest margins and stagnant lending activity. The fees they are charging on fresh accounts remain high. According to a survey by InfoPro Research on the 20 retail banks still active, some of the fees have
    Lebanon Opportunities3 min read
    Finance
    Provided by Holders of bank deposits in foreign currencies whose accounts were closed or moved from one bank to another after October 31, 2019 will be able to withdraw their funds under Central Bank’s Basic Circular 158, said Wassim Mansouri acting G

    Related