List of Commercial banks in Lebanon

Lebanon’s banking sector has historically been a key pillar of the country’s economy, known for its robust financial institutions and relatively high levels of deposits. Despite regional instability, Lebanon’s banks have traditionally played a vital role in attracting foreign investment and maintaining a resilient financial system.

Overview of Lebanon’s Banking Sector

The Lebanese banking system is characterized by a high level of liquidity, a strong focus on deposits, and extensive foreign currency holdings, primarily in U.S. dollars. Historically, the sector has been one of the most dynamic in the region, offering a wide range of services such as retail banking, corporate lending, and private banking. However, the country’s ongoing economic and political crises, compounded by the 2019 financial collapse, have severely impacted the banking system. Many banks are facing liquidity shortages, and the sector has largely lost its access to international financial markets. Strict capital controls have been imposed on depositors, and the value of the Lebanese pound has dramatically declined, leading to a loss of confidence in the system.

Conclusion

Once a strong and trusted sector, Lebanon’s banking system is currently grappling with severe challenges. Political instability, economic crises, and loss of foreign currency reserves have crippled the sector, leaving its future uncertain as it seeks to regain stability and restore confidence.