Middle East Economic Survey

VOL. LII

No 35

31-Aug-2009

Lebanon

Lebanese Banks Show High Resilience To Global Financial Crisis, Says Audi Bank

The good performance of structural economic factors along with the regulatory and supervisory regime and the conservative practices of Lebanese banks, supported by a large pool of offshore savings, allowed the Lebanese banking sector to be relatively insulated and significantly resilient to the ongoing global financial crisis, says the August 2009 special...