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Lebanese lenders see 'great potential' in Syrian market
- Lebanon: Sunday, December 16 - 2012 at 01:22
The Association of Banks in Lebanon (ABL) has said local lenders will have the opportunity to reap huge benefits from the Syrian market once a political settlement is reached in the war torn country, The Daily Star has reported. "There is great potential in Syria despite the war. The Lebanese banks operating in Syria which have large customer bases can return to the business if the international powers work out a plan to end the fighting in this country," ABL secretary-general, Markram Sader, told the daily. There are seven Lebanese banks that have subsidiaries in Syria.
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