For Lebanon’s economy in general and for the banking sector in particular, 2015 represents the fifth year during which the Syrian spillovers and the political deadlock take a heavy toll. In good times and bad times, economists seek to assess key parameters in the core sector of banking, which contributes to 7% of GDP, whose assets are 3.5 times the GDP and which acts as the main financier of the treasury.
The performance of the Alpha Group or the top 14 Lebanese banks with deposits exceeding $2B, is highly reflective of the overall status of the banking sector. The Alpha Group Report issued by Bankdata Financial Services reveals that in spite of persistent regional turmoil and local deadlock, alpha banks were able to maintain sound year-on year growth rates in the first quarter of 2015 (Q1 2015)…
To read the full report, click on the link below:
Alpha Banks Q1 2015 Performance Highlights