Time: 19:00 to 21:00
The Banker, in partnership with the Association of Banks in Lebanon, is pleased to present the 2012 'Lebanese Banks' Evening Reception'.
Despite the challenging conditions imposed by the Arab Spring, Lebanon's banking sector remains on a positive growth trajectory, with banks' assets growing by 9% in 2011 to reach $140.6bn at the end of the year.
While maintaining growth in key areas, the country's banks have also successfully diversified their loan portfolios. The burgeoning private sector has seen its credit allocation rise to about $40bn today, compared with $28bn extended to the public sphere.
Lebanese banks extended new waves of loans to private companies amounting to $4.4bn in 2011 – equivalent to 15% above the average lending growth of the past five years.
The banking sector's model of being both highly liquid and lowly leveraged continues to serve it well. As the January 2012 IMF Article IV consultation noted: "Thanks to prudent management and conservative regulation, banks report capital above the regulatory minimum and high liquidity buffers with low non-performing loans (NPLs) and stable profits."
The growth outlook remains positive with the Lebanese economy poised to grow by between 3-4% in 2012.
Hosted as part of the 2012 IMF-World Bank meetings, this reception will bring together leading bankers and senior government officials to discuss the development and growth of the Lebanese banking sector.
Please register now to confirm your attendance.