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Lebanon: Banking & Finance

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

Riad Salamé: ‘We’re not a normal country’
Riad Salamé explains how the country’s economy can survive the latest political crisis
Lenders serve public and private masters
Banking system relies on remittances sent back by the diaspora
Past crises show durable banks have earned trust
Lenders’ continuing ability to attract deposits has been the cornerstone of financial and social stability in the country
Beirut tech sector’s resilience faces another test
Policymakers hope the industry can help reverse the country’s brain drain
Lebanon’s bankers see reconstruction role in Syria
But the legacy of Lebanon’s own civil war may thwart participation
In Beirut, property investors hold their nerve
Buyers had already expected prices to drop, before the latest political instability
Borrowing habits reveal a cultural shift among Lebanese
People are becoming more confident taking out personal loans