Founded: 1991 Total Assets*: US$3.51 billion Customer Deposits*: US$3.09 billion Ranking by Assets*: 14 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background Founded in 1991 under the name Commerce Bank, Lebanon Invest acquired a 62% stake in 2000 and, following a 2002...
Founded: 1980 Total Assets*: US$2.64 billion Customer Deposits*: US$1.96 billion Ranking by Assests*: 15 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background Selim Ismail Kheireddine, Marwan Yusuf Kissirwani, and Omar Jundi established Al-Marwarid Bank, otherwise known as...
Why illegal cross-border commerce is so hard to stop.
Recent $150 million World Bank loan another step into the debt abyss without long-term food security strategy.
Lebanon’s 2022 budget’s has a preference for regressive taxation, potentially shielding the wealthy while financially straining ordinary citizens.
Lebanon amends banking secrecy law to appease the IMF but leaves loopholes to protect politico-banking elite.
Addressing Lebanon’s banking turmoil through lirafication debates, accountability for large deposits, clawbacks, bankruptcy laws, and potential conflicts of interest in governance.
Analyzing Lebanon’s 2022 Financial Recovery Plan, from its ambitious promises to critical flaws in depositor compensation, fund structure, wealth legitimacy checks, and the glaring lack of accountability.
Summary and analysis of circulars and decisions issued by the Ministry of Finance and Banque Du Liban from November to December 2022
