Lebanon banks record 7.6 percent growth| MENAFN.COM

Monday, 27 June 2022 02:38 GMT

Lebanon banks record 7.6 percent growth


(MENAFN) Based on data collected by Bank Audi, Lebanon has reached a 7.6% boost last year, in comparison to 2016 level.

In its weekly report, Bank Audi explained "the sector had to face the repercussions of the short-lived political crisis in November, which had yielded some deposit outflows."

It continued "the return to stability in December helped improve operating conditions and saw money flows flocking back to the country also partly due to some year-end window-dressing operations."

The banking activity sector was also revealed to have been seen the boost mainly due to growth of customer deposits which recorded $6.2 billion in 2017.

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