File - People stand in front of the Lebanese Central Bank in Beirut, Monday, Feb. 25, 2013. (The Daily Star/Hasan Shaaban)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Figures issued by the International Monetary Fund show that there were 299 borrowers per 1,000 adults at commercial banks in Lebanon at the end of 2013, constituting a decrease of 4.7 percent from 313.5 borrowers per 1,000 adults in 2012 and compared to 200 borrowers per 1,000 adults in 2006 .As a result, Lebanon had the 24th highest depositors' penetration rate among 85 countries worldwide with available figures for 2013, the 10th highest among 24 UMICs and the largest among 10 Arab countries.Lebanon's depositors' penetration rate was higher than the global rate of 618.8 depositors per 1,000 adults in 2013 and the Arab countries' penetration rate of 492.2, but lower than the UMIC rate of 836.6 depositors per 1,000 adults.As such, Lebanon had the 38th highest deposit account penetration rate among 117 countries with available figures for 2013, the 16th highest among 36 UMICs and the highest among 12 Arab countries.
FOLLOW THIS ARTICLE