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 2018. 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 in the mid-single rates,with the non-life segment outperforming the smaller life market. Investors are, however, presented with a range of challenges,including a weak regulatory environment and limited political and economic stability. The nationwide protests and resignation of thePrime Minister in October, however, may prove consequential in the near term as the economy enters a period of uncertainty.
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