Value of Kafalat Guarantees Falls to $38.07M by June 2017

According to Kafalat, the number of loan guarantees dropped from 368 by June 2016 to 310 guarantees by June 2017. The overall value of the guarantees also plunged from $51.18M by 2016 to reach $38.07M during the same time in 2017.

In the first 6 months of the year, agriculture, industry and tourism sectors were the top three beneficiaries of Kafalat guarantees, with respective shares of 40.65%, 34.19%, and 19.68%. Despite grasping the largest share of guarantees, the agriculture sector witnessed the most change, with the number of loan guarantees dropping from 177 by June 2016 to 126 by June 2017. As for the tourism and industry sectors, the latter remained unchanged while the tourism sector’s issued guarantees dropped from 65 to 61.

Geographically, 43.87% of the guarantees were granted in Mount Lebanon, followed by 20% disbursed in the Bekaa and 13.55% in the South. The number of guarantees reached 136, 62, and 42 in Mount Lebanon, Bekaa and the South, respectively.

Value of Kafalat Guarantees by June  (in $M)

Value of Kafalat Guarantees Falls to $38.07M by June 2017

Source: Kafalat

 

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