Move comes nearly 20 months after banks denied them access as a result of the crippling financial crisis
Lebanese banking sector
Latest in Lebanese banking sector
Bank Audi
Lebanese banks seek deadline extension to ultimatum to increase capital by 20%
Central bank governor says if Lebanese banks fail to increase their capital by 20% by the end of February, they must exit the market
Cash-strapped Lebanon
Lebanese pound retains title of world’s most undervalued currency
Analysis of the Big Mac Index reveals the Lebanese pound is 68.7% undervalued, ahead of the Russian rouble
Bank Audi
First Lebanese banking merger since 2019 agreed as capital pressures rise
Bank Audi says it is merging the local business operations of Audi Private Bank and Audi Investment Bank into its business
foreign remittances
Revealed: the importance of remittances to Lebanon’s ailing economy
Equivalent to 36.2 percent of the country’s GDP in 2020, this constitutes the third highest ratio in the world