Value of Kafalat Guarantees Plunge by Q3 2017

According to Kafalat, the number of loan guarantees dropped from 546 guarantees by September 2016 to 447 guarantees by September 2017. The overall value of the guarantees fell by 26.31% to reach $54.20M by September 2017, compared to a value of $73.55M during the same time in 2016.

In the first 9 months of the year, the top three beneficiaries of Kafalat guarantees were agriculture, industry and tourism sectors, with respective shares of 40.94%, 32.89%, and 20.36%. In fact, agriculture, industry and tourism sectors fell from 252, 164, and 96 to 183, 147, and 96, respectively.

Geographically, 41.16% of the guarantees were granted in Mount Lebanon, followed by 19.46% disbursed in the Bekaa and 14.54% in the South. The number of guarantees reached 184, 87, and 67 in Mount Lebanon, Bekaa and the South, respectively.

Value of Kafalat Guarantees by September (in $M)

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Source: Kafalat

 

 

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