Question

explain The Structure of the Lebanese Banking System. not less than 3 paragraphs.

Answer 1

Answer-Structure of the Lebanese Banking System is overall very sound and stable in financial terms. The Lebanese Banking System fall under the jurisdiction of the country's central bank i.e the Bank of Lebanon (BDL). The BDL plays key roles in the financial system of Lebanese economy and provides credit to individuals and businesses from time to time.

The Lebanese Banking System or BDL comprises of a large number of banks of different sizes, different nature and different ownership structure. Its structure comprises of small, medium and large-size private commercial banks; Medium and long-term credit and investment banks; Islamic Banks; Lebanese, foreign and mixed.Over the last 50 years, total number of banks in Lebanon are between 60 to 92.The lebanese banks are characterised by significant openness towards the world. The Lebanese banks have expanded to many countries abroad through a very large networks of correspondent branches, affiliated companies, subsidiaries, sister banks and representative offices etc. Lebanese banks have their branches in many countries like Africa, Australia,the Gulf region, Europe, and the United States.

The Lebanese Banking System has a well trained and highly qualified human resources with a high share of university degree holders. There is also a representation of Lebanese women in the Lebanese banks in regular as well as senior positions. The BDL ensure continuous training and exposure. This ensures committment of Labenese banking sector  to international norms and development standards.

Since its origin, Lebanese Banking System has been witnessing favorable and sustainable growth. It is characterised by strong balance sheet activity, Well capitalized and provisioned banking sector, Good return and risk measures, high liquidity of assets etc. Strong resilience to financial shocks and crisis is another characteristic of Lebanese banking sector iirrespective of their nature and origins of the shocks.