Lebanon Banking & Financial Services Q3 2018
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 and is considered one of the country's economicpillars. Recently, it has been labelled among 92 banking systems with a low level of potential vulnerability. Similarly, the insurancemarket has attracted some major multinationals to compete alongside domestic providers and both life and non-life sectors aregrowing. Investors are, however, presented with a range of challenges including a weak regulatory environment as well as limitedpolitical and economic stability with a relatively small asset management sector and stock exchange. Overall, there hasn't beenmuch change in the sector in this quarter compared to the last and the industry looks quite stable.
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