Lebanon Banking & Financial Services Q2 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 2018. Recently, it has been labelled among 92 banking systems with a lowlevel of potential vulnerability. Similarly, the insurance market has attracted some major multinationals to compete alongsidedomestic providers, and both the life and non-life sectors are growing at a healthy rate in the mid-single rates, 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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