Lebanon Banking & Financial Services Q1 2019
Lebanon's banking and financial services sector is relatively well developed and growth prospects in the market aregradually improving. The banking sector is home to a number of well-established domestic banks, many of which have expandedinto other regional markets, alongside some well-known international banks. The sector is considered one of the country'seconomic pillars, as it has demonstrated strong results in the first half of 2018. Recently, it has been labelled among 92 bankingsystems with a low level of potential vulnerability. Similarly, the insurance market has attracted some major multinationals tocompete alongside domestic providers, and both the life and non-life sectors are growing at a healthy rate, with the non-lifesegment outperforming the smaller life market. Investors are, however, presented with a range of challenges, including a weakregulatory environment and limited political and economic stability. In addition, the asset management sector and stock exchangeare relatively small: the latter is ranked as the 60th largest in the world.
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