No. 04



More Mergers To Reduce Number Of Banks In Lebanon

The total number of commercial banks operating in Lebanon is likely to fall to around50 in the next three years from the current 76 as a result of more bank mergers, accordingto Dr. Nasir al-Saidi, First Vice Governor of the Central Bank of Lebanon. In interviewswith the local press earlier this month, Dr. Saidi predicted that in the next few yearsthe first 10 Lebanese banks would accumulate sufficient...