Lebanon: Banking & Finance

Political tensions raise the stakes for Lebanon’s banking sector, which is fundamental to the country’s economic stability

Riad Salamé explains how the country’s economy can survive the latest political crisis

Banking system relies on remittances sent back by the diaspora

Lenders’ continuing ability to attract deposits has been the cornerstone of financial and social stability in the country

Policymakers hope the industry can help reverse the country’s brain drain

But the legacy of Lebanon’s own civil war may thwart participation

Buyers had already expected prices to drop, before the latest political instability

People are becoming more confident taking out personal loans