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Middle East
Lebanon’s banks are spreading their wings as they push for more growth in the Middle East’s key markets.
Banks in downtown Beirut: Lebanon’s financial institutions are expanding through the region. |
Little Lebanon is just too small to satisfy the ambitions of its big banks, which are following Lebanese nationals as they travel throughout the region in search of jobs.
Lebanon’s economy has suffered significant setbacks since the assassination of former prime minister Rafic Hariri in February 2005 and the war with Israel in 2006, which has been followed by ongoing political instability and a decline in the tourism industry.
Throughout all of this, the country’s banking sector has survived and even prospered.
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