Lebanese banks up profits
- Lebanon: Saturday, September 29 - 2007 at 13:09
Lebanon's central bank has revealed the combined profits of the commercial banks operating in the country increased by 6.8% in the first seven months of the year, in spite of ongoing political turmoil which has badly damaged much of the economy, reported the Daily Star. The combined profits had reached $451m by the end of July, while customer deposits increased by 5.8% to $64.2bn over the same period.
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Jonathan Sheikh-Miller, Deputy Editor



