Cabym's Weblog
the Reference blog for financial investment in LebanonArchive for Household
Lebanese bank loans see unprecedented growth
Bank lending activity in the first 10 months of this year has seen a remarkable increase on last year.
According to Bank Audi, this high lending activity since the beginning of this year reflects both the large financial flexibility of Lebanese banks, and the vigorous economic activity that stimulated high domestic lending.
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Customs receipts up 6% to $1.6bn in first 10 months of 2010
Customs revenues reached $1.63bn in the first 10 months of 2010, up 5.8% from $1.53bn in the same period last year. Custom revenues totaled $161.7m in October 2010 compared to $167.2m in September and to $166m in October 2009. The Port of Beirut continues to be the main point of customs receipts, accounting for 87.8% of the total in first 10 months of 2010, and was followed by the Hariri International Airport with 5.4%, the Port of Tripoli with 3.4%, and the Masnaa crossing point with 2% of the total. Customs receipts from the value-added tax totaled $1.25bn in the first 10 months of the year.
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