Lebanon Banking forms the important infrastructure of Lebanon Economy and business. The Lebanon banks are the leaders in the country's financial scene and play a pivotal role in the financial markets. The collaborative efforts of the association of various Lebanon banks have considerably enhanced the Lebanon banking industry. Presently the Lebanon banking sector has 54 active commercial banks, 9 specialized long term credit banks. There are over 844 branches spread across the country. Currently 16,500 individuals are employed in the Lebanon banks. The nation wide assets of the banking in Lebanon sector manages about USD 75 billion.
Foreign contribution is also an important part of Lebanon banking and foreign banks maintain their equity shares in several local banks of Lebanon. Currently 16 foreign banks have their offices in Lebanon. The bank culture in Lebanon reflects their responsibility to the society and their ethics lie solely in providing customer satisfaction.
List of the important Lebanon banks are provided below:
- Bank Saradar, S.A.I
- Fransabank SAL
- Banque Audi
The banking services has increased manifold in recent years and is successively spreading day by day and thus they adapted extended ATM networks and the World Wide Web. The Lebanon banking service continuously strives to meet the customers need and fulfill their needs. The commercial banks of Lebanon value transfer services to their customers both small and large terms.
Thus the Lebanon Banking industry works systematically and maintains a sound balance between the formulation of services and the application of the services very promptly.
