Lebanese banks are pulling out the stops to bring in dollars as the country strives to preserve a two-decade old currency peg, offering high returns to customers willing to change their hard currency into long-term Lebanese pound deposits.

It"...

The financial results of the Lebanese banking sector saw growth in customer deposits and assets in the first six months of 2018 compared to the same period of last year, according to Bank Audi’s Lebanon Weekly Monitor.

“Lebanon’s"...

Lebanon's pound is stable and the central bank has the means to defend its stability, central bank governor Riad Salameh said on Monday, urging fiscal reforms to reinforce monetary stability.

Salameh, in an interview with Reuters, said the central bank was not concerned"...

Lebanon’s Banque Du Liban has announced that the pound is stable and the central bank has the means to defend its stability, urging fiscal reforms to reinforce monetary stability, reported Reuters.

Riad"...

Lebanon’s pound is stable and the central bank has the means to defend its stability, central bank governor Riad Salameh said on Monday, urging fiscal reforms to reinforce monetary stability.

Salameh, in"...

AstroBank, the Lebanese-controlled lender formerly known as Piraeus Bank Cyprus, has completed the takeover of the business and staff of the smaller USB Bank, boosting the bank’s portfolio by 55% to total assets of “more than €2 bln, gross loans of €1.2 bln, customer"...

Al Baraka Bank Lebanon, part of the Al Baraka Banking Group (ABG), is embarking on a core banking system conversion.

The bank focuses on Islamic financial services and has seven branches in Lebanon. It is a long-standing"...

While Lebanon has witnessed in the first half of the year the early adoption of a 2018 public budget regularizing the state’s accounts and a number of successful international support conferences as well as the achievement of the parliamentary elections, the country’s economy"...

A Lebanese security official said on Tuesday the Lebanese banking sector had been targeted by an Iraq-based network that tried to extort money from Lebanese banks and was uncovered in a joint operation with Iraqi authorities.

Earlier,"...

Today, STATS, the worldwide leader in sports data and intelligence, expanded its executive roster with the introduction of Dr. Helen Sun as Chief Technology Officer. Sun will oversee STATS’ product, engineering, artificial intelligence and data production teams in developing the next"...