Cabym's Weblog

the Reference blog for financial investment in Lebanon

Archive for global financial crisis

How Resilient is Lebanon’s Banking Sector?

With the global financial crisis hitting banks hard across the globe, Lebanon’s banking sector displayed considerable resilience aided by a strong flow of deposits. In 2009, bank deposits increased by 22% in light of the relatively high interest rates, and the central bank’s foreign currency reserves reached unprecedented levels. Lending activity increased in 2009, and asset quality improved in light of the prudent regulation in the country’s financial sector, and there are expectations that the banking sector will continue its robust performance through 2010.

Read more…

Central Bank: Lebanon real-estate industry not a bubble

Growth in Lebanon’s real-estate market, which has helped to spur economic growth, is unlikely to create a housing bubble, the country’s central bank Vice Governor Saad Andary said.

Read more…

Lebanon is booming because of the global financial crises

The world maybe in meltdown but Beirut is booming. The country best known for wars, turmoil and instability has not just survived the global financial crisis, it seems to be thriving because of it.

read more

Salameh: Lebanon overcame global financial crisis

In an interview with Al-Hayat newspaper, Central Bank Governor Riad Salameh said on Thursday that Lebanon overcame the global financial crisis due to two factors.
Read more