In a Euromoney article published in May 2014, the governor of the Central Bank of Lebanon mentioned that the number of Lebanese banks (Lebanese shareholders and Lebanese management) was slashed by almost half in the past 20 years. However, he stressed the fact that this slide was the result of a consolidation process and not a series of bank failures: A fact that preserves confidence in the sector and that enhances competition. The following gathers some thoughts on banking consolidation and details the latest in banking M&A activity…
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