Complex Made Simple

Lebanese banking sees strong lending figures

According to Lebanon-headquartered Bank Audi, Lebanese lenders have seen an increase in lending to the private sector in the first 11 months of 2010, along with an acceptable growth in deposits and assets, Daily Star has reported. Total loans extended by Lebanese banks to the private sector grew by 23.1% to $34.9bn at the end of November 2010. Bank deposits grew during the period by a healthy 9.7%, the equivalent of $9.2bn, reaching a historical high level of $105bn.