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FINANCIAL NEWS
Lebanon sees 8% economic growth this year
20 May 2010
(MENAFN) The Governor of the Central Bank of Lebanon said that Lebanon’s economy is expected to grow by 7-8 percent this year while inflation remains stable as capital keeps pouring into the country, Reuters reported.
Inflation is expected to remain at 4-5 percent this year, Salameh said in an interview, adding that deposits in the banking system rose 2.5 percent from January to March to $105 billion.
Capital inflows, especially from Lebanese expatriates, contributed to 9 percent growth last year, with Lebanon shrugging off the effects of the global financial crisis.
Over last two years, has been regaining its reputation as the Middle East’s playground, attracting Gulf capital to its real estate market and banking sector, which has a tradition of strict banking secrecy.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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