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)
The outlook for Lebanon's banking system is stable, reflecting Moody's expectation of a modest pick-up in economic activity and continued inflows of foreign deposits, helping banks to finance the economy, Moody's Investors Service said in a report Tuesday.With interest rates rising, Moody's said it expects modest domestic credit growth of 2 percent to 3 percent over the next 12 to 18 months.Moody's also stressed the need for reforms. Moody's still expects that Lebanese banks will continue to attract the needed inflows of customer deposits, much of this from the Lebanese diaspora.
FOLLOW THIS ARTICLE