File - Byblos Bank recorded one of the highest capital adequacy rations and liquidity levels in the Lebanese banking sector.
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)
Small- and medium-sized banks need to consider new approaches to stay in the market as growing operating expenses, fierce competition and new tougher regulations take their toll on profits, bankers said Tuesday.Apart from the top 13 banks in Lebanon, a significant number of small- and medium-sized banks have seen their profits in the first six months of this year decrease, with some declines exceeding 30 percent. Bassil added that even some of the large Lebanese banks have seen their profits down in the past few years due to growing provisions.Fattouh said that in light of these realities and factors, some banks may opt in the future to merge with other banks to avoid the costly compliance measures.Joe Sarrouh, the adviser to the chairman of Fransabank, said the smaller banks can conduct business with the correspondent banks through the larger Lebanese banks.A boutique investment bank is a non-full service investment bank that specializes in some aspect of investment banking, generally corporate finance, although some banks are retail in nature.
Reforms key to averting negative economic growth
Obegi proposes using gold as collateral
Salameh: No haircut, capital control by BDL
FOLLOW THIS ARTICLE