Despite the tough economic and political challenges that Lebanon has been passing through, the Beta group was able to post positive returns in the first half of 2016.
The Beta group of banks, Lebanese banks whose deposits range between $500M and $2B, revealed resilient yearly improvements in the first half (H1) of 2016. Noting that 2016’s report includes 8 banks instead of 13 as Emirates Lebanon Bank, Federal Bank of Lebanon, Fenicia Bank, HSBC Bank, and Lebanese Swiss Bank did not release their figures.
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