Value of Kafalat Guarantees rose to $78.16M by October 2016

According to Kafalat, the number of loan guarantees grew from 557 guarantees by October 2015 to 592 guarantees by October 2016. The overall value of the guarantees rose 1.67% to reach $78.16M by October 2016 compared to a value of $78.13M during the same time in 2015.

In the first 10 months of the year, the top three beneficiaries of Kafalat guarantees were agriculture, industry and tourism sectors, with respective shares of 46.62%, 30.91%, and 16.72%. Kafalat guarantees for the tourism sector escalated by October 2016 in line with stable political situation and recovering activity, with the number of loan guarantees rising from 57 by October 2015 to 99 by October 2016.

The number of loans granted by Kafalat for the agricultural sector rose from 264 by October 2015 to 276 by October 2016, while loan guarantees for the industrial sector slightly fell from 201 to 183.

Geographically, 42.40% of the guarantees were granted in Mount Lebanon, followed by 23.14% disbursed in the Bekaa and 11.32% in the South. The number of guarantees reached 251, 137, and 67 in Mount Lebanon, Bekaa and the South, respectively.

Value of Kafalat Guarantees by October (in $M)

Value of Kafalat Guarantees rose to $78.16M by October 2016

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