File - The Arab Bank in Beirut. (The Daily Star/Mahmoud Kheir)
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The profits of Lebanon's 14 largest banks have risen in the first nine months of 2014 compared to the same period of last year despite the economic slowdown and tense situation in the region.Lebanese pound deposits grew by 6 percent while foreign currency deposits rose by 4.5 percent, slightly contracting the deposits dollarization ratio from 64.2 percent in December 2013 to 63.8 percent in September 2014 .A moderate growth of 5.5 percent in domestic lending was reported, coupled with a higher growth of 15.1 percent in foreign lending over the same period.
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