Banks are expected to subscribe heavily in the new eurobond issue.
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The Lebanese government will be compelled to borrow more as long as the budget deficit continues to grow, the head of the Association of Banks in Lebanon said Thursday, expecting the public debt to reach $72 billion at the end of 2015 .Torbey stressed that the Lebanese banks would continue to finance the needs of the Lebanese state.Lebanese banks hold the bulk of the state's Treasury bills and eurobonds along with the Central Bank.Torbey stressed that Lebanese banks continued to perform well as total assets are expected to reach $186 billion at the end of 2015 while customer deposits would stand at $152 billion.
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