Credit facilities, where they stand and what’s next?

It has been nearly three years of political, economic and social conflagrations in Lebanon; in fact, in the absence of any competent leadership, Lebanon’s economy is teetering on the verge of total collapse as various sectors continue to experience deeper and more serious deficits, exacerbated by a currency in free fall, flawed policies, inflation and a misguided ruling elite. As a matter of fact, the banking sector is currently crippled and is exploring ways to cut costs, by merging branches, firing employees, etc. However, we can’t help but reminisce on the glory days of the Lebanese banking sector before the crisis. In reality, since the early 1990s, the banking sector was the most prominent sector in Lebanon; fresh graduate students were seeking to find a job in this sector as it was booming and thriving.

In our report, we will look at one crucial role of this banking sector: credit facilities. In this respect, we will analyse the distribution of utilized credit facilities, by volume, sector, region, as well as evaluate the type of facilities and guarantees, before and after the financial crisis in Lebanon and then conclude.

For the full report, click on the below link:

credit facilities, where they stand and what’s next?

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