Articles by
Rescuing What’s Lost: Progressive Deposit Recovery Plan
The Progressive Deposit Recovery Plan offers a lifeline for Lebanese depositors, aiming to recover and restore funds once deemed lost in the country’s financial turmoil.
Exchange Rate Mis-Regulation: A Nation Short-Changed
Pity the nation that enters into an unwinnable war
Lebanon cannot afford a war with no end game, and neither can the world.
Currency Chaos: Lebanon’s Exchange Rate Policy
Assessing Lebanon’s exchange rate chaos: Sayrafa, monetary governance reforms, and the need for a managed float of the lira.
‘They’ Have Names: Who’s Behind Lebanon’s Banks & State
An editorial investigation into how the vested financial interests of Lebanese bankers and politicians are one and the same.
Cross Contamination: The Banking Interests Plaguing Public Office in Lebanon
The Alternative’s investigation of Lebanon’s banking sector reveals conflicts of interest behind the country’s financial and political masters
Bank Audi
Founded: 1962 Total Assets*: US$27.0 billion Customer Deposits*: US$20.2 billion Ranking by Assets*: 1 (*as of Dec 31, 2021, ABL Almanac 2022 converted at 1507.5 LBP/USD) Background From humble beginnings as an exchange house in Saida established in 1830 that extended credit to farmers,[1] Bank...
Blom Bank
Founded: 1958 Total Assets*: US$26.48 billion Customer Deposits**: US$21.06 billion Ranking by Assets*: 2 (*as of Dec 31, 2021, ABL Almanac 2022 converted at 1507.5 LBP/USD) (**as of Dec 31, 2020, Bilanbanques 2021) Background Banque du Liban et d’Outre-Mer (BLOM) was incorporated in 1958, with...