Lebanese lenders predicted to see further drop in profits
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Lebanese lenders predicted to see further drop in profits

Lebanese lenders predicted to see further drop in profits

Chairman of Byblos Bank, Francois Bassil has said a further drop is expected in the profits of Lebanese banks next year, warning that investment could also plunge due to the standoff over the elections and turmoil in Syria, The Daily Star has reported. "Of course, the profits of banks would decline next year. We have maturing treasury bonds that were purchased by banks at high interests" said Bassil.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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