DOCSLIB.ORG

Lebanon This Week

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Lebanon This Week Issue 182 September 6-18, 2010 Economic Research & Analysis Department LEBANON THIS WEEK In This Issue Charts of the Week Economic Indicators.....................1 Total Insurance Penetration in Arab Countries at end-2009 (% of GDP) Capital Markets............................1 3.5 3.1 3.0 2.8 Lebanon in the News....................2 2.5 Lebanon ranks 112th globally, 13th in 2.5 2.3 2.2 Arab region in credit ratings 2.0 2.0 Political tensions to affect growth, short- term challenge is to rollover maturing 1.5 1.2 Eurobonds 1.0 0.9 1.0 0.8 Draft budget for 2011 projects fiscal 0.6 0.5 deficit at 27% of expenditures and 8.6% 0.5 of GDP 0.0 Balance of payments posts surplus of $2.3bn in first 7 months of 2010 UAE Egypt Qatar Jordan Oman Kuwait Coincident Indicator up 13.4% year-on- Lebanon Morocco Bahrain Tunisia Algeria year in July 2010 Saudi Arabia Lebanon ranks 92nd globally, 12th Total Insurance Penetration in Lebanon (% of GDP) among Arab countries in global competi- 3.5 tiveness Lebanese banks to comply with new sanctions on Iran 3.04 3.11 3.0 Lebanon ranks 9th in Arab world in con- 2.86 nectivity 2.92 2.94 Construction permits up 48% in first 7 months of 2010 2.63 2.5 2.56 Launch of Lebanese-Mexican Business Council Net public debt at $44.3bn at end-July 2010 2.0 Airport passengers up 11% in first 8 2003 2004 2005 2006 2007 2008 2009 months of 2010 Source: Swiss Re, Byblos Reserach Corporate Highlights ...................6 MEA's IPO indefinitely postponed Quote to Note BLC Bank acquires 10% stake in USB Bank "The current rapid growth, low global interest rates, and abundant liquidity in the Lebanese banking system are unlikely to persist over the medium term." BLOM Bank splits shares 10-for-1 Bank of Beirut to issue preferred shares The Institute of International Finance, on the need to rapidly implement struc tural reforms given the limited window of opportunity available to authorities Kafalat loan guarantees reach $114m in first 8 months of 2010 Commercial banks' assets reach $124bn at end-July 2010 Number of the Week Bank Audi to issue common shares, raise 82%: Percentage of Lebanese students and fresh graduates who are satisfied with the capital quality of their university education, the highest level in the Arab world, according to a survey conducted by job portal Bayt.com Risk Outlook..............................9 Economic Indicators $m (unless otherwise mentioned) 2008 July 09 2009 May 10 June 10 July 10 % Change* Exports 3,478 230 3,486 371 385 303 31.74 Imports 16,133 1,470 16,241 1,369 1,449 1,850 25.85 Trade Balance (12,655) (1,240) (12,755) (998) (1,064) (1,547) 24.76 Balance of Payments 3,462 1,246 7,899 (195) 106 994 (20.22) Checks Cleared in LBP 9,350 1,028 11,122 1,068 1,674 1,783 73.44 Checks Cleared in FC 43,174 4,115 45,270 4,677 4,609 4,898 19.03 Total Checks Cleared 52,524 5,143 56,392 5,745 6,283 6,681 29.90 Budget Deficit/Surplus (2,921) (157) (2,960) (183) (52) (272) 73.25 Primary Balance 597 136 1,078 137 279 94 (30.88) Airport Passengers 4,085,334 621,522 4,986,544 420,212 497,647 684,084 10.07 $bn (unless otherwise mentioned) Dec 2008 July 09 Apr 10 May 10 June 10 July 10 % Change* BdL FX Reserves 17.06 22.01 27.32 27.32 27.42 27.93 26.90 In months of Imports 15.03 14.97 19.84 19.96 18.92 15.1 0.87 Public Debt 47.02 47.92 51.49 51.07 51.00 50.77 5.95 Net Public Debt 41.49 43.05 44.34 44.24 44.13 44.3 2.90 Bank Assets 94.25 105.38 120.64 120.69 121.68 127.05 17.72 Bank Deposits (Private Sector) 77.78 87.69 99.13 99.21 100.12 101.93 16.24 Bank Loans to Private Sector 25.04 26.98 31.04 31.44 31.71 32.86 21.79 Money Supply M2 24.76 30.11 36.72 37.43 38.02 38.24 27.33 Money Supply M3 68.66 76.17 85.75 86.04 86.74 88.1 15.66 LBP Lending Rate (%) 9.95 9.43 8.48 8.47 8.37 8.09 (134b.p.) LBP Deposit Rate (%) 7.22 7.02 6.00 5.93 5.83 5.79 (123b.p.) USD Lending Rate (%) 7.47 7.24 7.10 7.10 7.03 7.05 (19b.p.) USD Deposit Rate (%) 3.33 3.19 2.84 2.84 2.75 2.8 (39b.p.) %* Change in CPI** 6.36 2.42 6.55 6.51 7.42 6.41 399b.p. * Year-on-Year; ** Consumer Price Index Note: b.p. i.e. basis point Sources: ABL, BdL Capital Markets Most Traded Last Price % Change* Total Weight in Sovereign Coupon Mid Price Mid Yield Stocks on BSE ($) Volume Market Eurobonds % $ % Capitalization Solidere "A" 19.20 (3.81) 76,759 15.51% Nov. 2010 6.875 101.19 -1.25 Solidere "B" 19.55 (0.56) 19,115 10.26% May 2011 7.875 103.88 1.96 Byblos Common 1.78 0.00 229,023 5.17% Mar. 2012 7.500 106.50 3.00 Byblos Priority 1.80 (0.55) 34,302 2.99% Sep. 2012 7.750 108.88 3.05 Byblos Pref. 08 100.10 0.00 0.00 1.62% June 2013 8.625 112.75 3.68 BLOM GDR 94.75 0.26 500 5.65% Apr. 2015 10.000 121.13 4.79 BLOM Listed 85.95 (0.06) 1,163 14.92% Jan. 2016 8.500 116.00 5.02 Audi GDR 8.90 (1.00) 15,000 7.31% May 2016 11.625 130.75 5.22 Audi Listed 8.01 0.12 536,019 22.26% Mar. 2017 9.000 120.25 5.28 HOLCIM 13.29 2.39 7,542 2.09% Apr. 2021 8.250 116.38 6.11 Source: Beirut Stock Exchange (BSE); *Week-on-week Source: Byblos Capital Markets Dec Sep. 13-17, 10 Sep. 6-9, 10 % Change August 2010 August 2009 % Change Total Shares Traded 1,558,781 256,599 507.48 2,924,222 3,835,239 (23.75) Total Value Traded $20,454,706 $3,070,944 566.07 $35,867,053 $61,835,814 (42.00) Market Capitalization $12.38bn $12.46bn (0.62) $12.19bn $11.04bn 10.37 Source: Beirut Stock Exchange (BSE) LEBANON THIS WEEK September 6-18, 2010 1 Lebanon in the News Lebanon ranks 112th globally, 13th in Arab region in credit ratings In its annual survey on the creditworthiness of 178 countries, Institutional Arab Countries Rankings & Scores Investor magazine ranked Lebanon in 112th place worldwide and in 13th place Credit Arab Global among 19 Arab countries in the 2010 survey. Lebanon ranked in 116th place Country Rating Rank Rank globally and in 14th place regionally in 2009 and came in 113th place globally Qatar 79.5 1 24 and 14th regionally in the 2008 survey. Also, Lebanon came in 31st place Bahrain 77.9 2 25 among 37 upper middle income countries (UMICs) included in the survey com- Kuwait 76.9 3 28 pared to 29th place in 2009. The survey rates the creditworthiness of countries Saudi Arabia 74.1 4 32 on a scale of 0 to 100, with 100 representing countries with the least chance of Oman 71.6 5 34 debt default. The ratings are based on input provided by senior economists and UAE 71.0 6 37 sovereign risk analysts at leading global banks and money management and Tunisia 58.5 7 55 securities firms. Algeria 56.3 8 59 Morocco 55.2 9 63 On a global basis, Lebanon ranked ahead of Bosnia & Herzegovina, Bangladesh Libya 53.7 10 69 and Iran, and came immediately behind Grenada, Tonga and Georgia. Also, Egypt 51.0 11 73 Lebanon ranked ahead of Bosnia & Herzegovina, Jamaica and Belarus, and Jordan 45.8 12 78 came behind Grenada, Argentina and Venezuela among UMICs. Lebanon's rank Lebanon 32.5 13 112 improved by 4 spots from the previous survey, constituting the 46th best Syria 28.6 14 131 improvement in the ranking globally and the fifth best regionally. Lebanon Iraq 26.6 15 136 received a score of 32.5 points, below the global average of 46.2 points as well Djibouti 25.0 16 142 as lower than the Arab average of 49.6 points and the UMICs' average of 47.2 Yemen 24.8 17 144 points. Its score improved by 3.1 points, or 10.5%, year-on-year, constituting Mauritania 21.4 18 156 the third best improvement in the Arab region both numerically and in percent- Sudan 12.1 19 172 age terms. Lebanon was one of nine Arab countries whose score improved by Source: Institutional Investor, Byblos Research one or more points, the amount considered statistically significant for a country. The rankings of 12 Arab countries improved and 7 regressed, while the scores of 14 countries improved and 5 declined from September 2009. The survey said the global financial crisis and its aftermath have shifted considerably conventional notions about sovereign creditwor- thiness, as many countries n Western Europe, a region that has been traditionally home to some of the soundest credits in the world, have seen their standing fall over the last year because of their mounting debt problems.
Load more

Recommended publications
  • Profile of the Group
    PROFILE OF THE GROUP 15 Profile of the Group | 12 Byblos Bank S.A.L. PROFILE OF THE GROUP Established in Jbeil (Byblos), Lebanon, in 1950, the Byblos Bank Group is a leading financial institution Our History focused on the domestic and selected overseas markets. After nearly six decades of consistent growth, Byblos Bank now has an extensive network of 77 branches spread evenly across Lebanon. The Group also has expanded to several other countries, including Armenia, Belgium, Cyprus, the Democratic Republic of the Congo, France, Iraq, Nigeria, Sudan, Syria, the United Arab Emirates, and the United Kingdom. Our Strategic Goals The focus of Byblos Bank’s strategy is to build on our leading position in the Lebanese market while diversifying into foreign ones. To do this, we strive to be a full-service bank providing comprehensive solutions for our customers in consumer banking, commercial banking, capital markets, correspondent banking, and assorted advisory services. Our Major Lines Consumer Banking Commercial Banking of Business Correspondent Banking Financial Markets Our Values Integrity Customer Focus Teamwork Performance Our Mission “Byblos Bank Group is a universal institution that is focused on the domestic and regional markets while striving to offer world-class services to its customers, fulfillment to its employees, and economic benefit to the communities it serves.” KEY DATES Our past gives us vision and strength and shows us the way to better seize all available future opportunities. Establishment of Establishment of Opening of Byblos Société Commerciale Adonis Insurance Bank Africa in et Agricole Byblos and Reinsurance Khartoum, Sudan. Bassil Frères & Co., Company’s name Co.
    [Show full text]
  • Annual Report 2016
    TABLE OF CONTENTS THE YEAR IN BROAD STROKES ...................................................................................................................................................................... 3 Financial Highlights ................................................................................................................................................................................................................................................... 4 A Message from the Chairman ................................................................................................................................................................................................. 6 The Lebanese Economy in 2016 ......................................................................................................................................................................................................... 8 PROFILE OF THE GROUP .............................................................................................................................................................................. 15 OPERATIONS AND GOVERNANCE ....................................................................................................................................................... 19 Year in Review ..........................................................................................................................................................................................................................................................................
    [Show full text]
  • Lebanon This Week
    Issue 158 March 15-19, 2010 Economic Research & Analysis Department LEBANON THIS WEEK In This Issue Charts of the Week Economic Indicators....................1 Investment Freedom Index in Arab Countries for 2010 70 65 65 60 Capital Markets...........................1 60 55 55 55 50 50 45 45 45 45 Lebanon in the News...................2 Lebanon ranks 45th globally, 6th in 40 35 35 MENA region in electronic participation 30 Payments to the Kuwait Petroleum 20 Corporation and Sonatrach account for 20 95% of Treasury transfers to Electricité 10 du Liban 10 Growth and credit outlooks depend on 0 budget outcome, reform implementa- tion UAE Oman Egypt Qatar Syria Libya Jordan Kuwait Yemen Algeria Tunisia Industrial exports up 17% to $242m in Bahrain Morocco Lebanon January 2010 Saudi Arabia Investment Freedom Index for Lebanon Lebanon's travel and tourism economy to generate $12.4bn this year 60 Most tourists spending in Lebanon orig- inated from Saudi Arabia and UAE in 55 first two months of 2010 50 50 Cash transfers up 9% to $721m in first half of 2009, UAE is largest source and Philippines is main destination 40 Central Bank business survey: industrial activity down in third quarter of 2009 30 30 30 30 30 30 Central Bank lifts secrecy of 14 cases suspected of money laundering 20 Corporate Highlights ..................7 2004 2005 2006 2007 2008 2009 2010 Stable outlook for Lebanese banking system Source: Heritage Foundation/Wall Street Journal, 2010 Car sales down 12.1% year-on-year in first two months of 2010 Quote to Note BLC Bank's profits
    [Show full text]
  • Byblos Bank S.A.L. Corporate Profile | 09 Corporate Profile Corporate Profile | 09 Byblos Bank S.A.L
    19 Corporate Profile Byblos Bank S.A.L. Corporate Profile | 09 Corporate Profile Corporate Profile | 09 Byblos Bank S.A.L. Profile of 20 the Group OUR MAJOR LINES OF BUSINESS OUR Established in Jbeil (Byblos), --- Consumer Banking Lebanon, in 1950, the Byblos --- Commercial Banking HISTORY Bank Group is a leading financial --- International Banking institution focused on domestic --- Financial Markets and selected overseas markets. After nearly six decades of consistent growth, Byblos Bank OUR now has an extensive branch network of 77 branches spread VALUES evenly across Lebanon. The Group also has expanded to --- Integrity several other countries, including --- Mutual Respect Armenia, Belgium, Cyprus, --- Professionalism the Democratic Republic of --- Accountability the Congo, France, Iraq, Nigeria, --- Customer Focus Sudan, Syria, the United Arab --- Teamwork Emirates, and the United Kingdom. OUR MISSION OUR The focus of Byblos Bank’s “Byblos Bank Group is a universal strategy is to build on our institution that is focused on the STRATEGIC leading position in the Lebanese domestic and regional markets market while diversifying into while striving to offer world- GOALS foreign ones. To do this, we class services to its customers, strive to be a full-service bank fulfillment to its employees, providing comprehensive and economic benefit to the solutions for our customers in communities it serves.” commercial, trade and project financing, retail banking, private banking, asset management, and assorted advisory services. Our past gives us vision and strength KEY DATES and shows us the way to better seize all available future opportunities. Establishment of Société Company’s name Acquisition of Acquisition of Wedge Commerciale et Agricole Byblos changed to Byblos Banque Beyrouth Bank Middle East’s Bassil Frères & Co., engaged in Bank S.A.L.
    [Show full text]
  • Byblos Bank S.A.L. Structure and Strategy | 08 Structure Structure and Strategy | 08 Byblos Bank S.A.L
    7 Structure and Strategy Byblos Bank S.A.L. Structure and Strategy | 08 Structure Structure and Strategy | 08 Byblos Bank S.A.L. Governance: Traditional Values at Work 8 in a Changing World As a strong proponent and avid practitioner of transparent business practices, responsible lending policies and careful investment strategies, the Byblos Bank Group conducts Founded in 2004, our Group regular reviews to ensure Risk Management (GRM) that its governance model division uses the guidelines set remains appropriate to both down by Basel II as a starting regulatory requirements and point. GRM appraises the market developments and is Group’s position according to being adhered to. Our systems, several factors, including credit, codes of conduct and internal operational, and market risks, controls are designed with as well as those associated with an eye toward meeting the interest rates, liquidity, and credit requirements of Basel II and concentration risks (measured other international standards. by country, industry, borrowers Since many of these follow and connected groups thereof). definitions of “best practice” as GRM has also authored a Risk determined by thoroughgoing Management Charter aimed and carefully studied research, at obtaining organizational they are also consistent with structures suitable for the a determination to develop a management of the Group’s Group-wide approach to risk that strategic, operational and facilitates accurate assessment financial risk, as well as its and successful management by compliance goals. individual departments. In keeping with Basel II’s emphasis on accurately managing and quantifying credit, market and operational risks, Byblos Bank relies on departments established within the GRM Division.
    [Show full text]
  • Download the General Business Conditions of Byblos Bank Europe
    GENERAL BUSINESS CONDITIONS OF BYBLOS BANK EUROPE S.A. GENERAL BUSINESS CONDITIONS OF BYBLOS BANK EUROPE S.A. .................... 1 I. GENERAL CONDITIONS ........................................................................................... 3 Article 1: Field of application ...................................................................................................................................... 3 Article 2: Identity, legal capacity and powers .................................................................................................... 3 Article 3: Powers of attorney ....................................................................................................................................... 4 Article 4: Specimen signatures ................................................................................................................................... 5 Article 5: Correspondence ............................................................................................................................................. 5 Article 6: Dispatch and transport of documents and assets/securities ............................................. 6 Article 7: Professional discretion .............................................................................................................................. 6 Article 8: Data protection............................................................................................................................................. 10 Article 9: Deposit protection .....................................................................................................................................
    [Show full text]
  • Byblos Bank Directory | 10 Directory | 10 Byblos Bank S.A.L
    209 Directory Byblos Bank Directory | 10 Directory Directory | 10 Byblos Bank S.A.L. 210 Correspondent Banks CountRY CItY BAnK nAME Algeria Algiers Banque de l’Agriculture et du Développement Rural (BADR) Arab Banking Corporation Algeria, Banque Nationale d’Algérie (BNA), Banque de Développement Local SPA (BDL), Crédit Populaire D’Algérie Australia Sydney Westpac Banking Corporation* Austria Vienna UniCredit Bank Austria AG* Armenia Yerevan Byblos Bank Armenia C.J.S.C. Bahrain Manama Gulf International Bank BSC Belgium Brussels Byblos Bank Europe S.A.*, KBC Bank NV* Brazil Sao Paolo Banco ABC Brasil SA, Deutsche Bank AG Canada Montréal Royal Bank of Canada* Toronto Scotiabank* China Shanghai Bank of China, Agricultural Bank of China Cyprus Limassol Byblos Bank S.A.L. – Limassol Branch Czech Republic Prague Commerzbank AG Denmark Copenhagen Danske Bank A/S* DR Congo Kinshasa Byblos Bank RDC S.A.R.L. Egypt Cairo National Bank of Egypt*, Export Development Bank of Egypt (EDBE), Al Watany Bank of Egypt Ethiopia Addis Ababa Commercial Bank of Ethiopia* Finland Helsinki Danske Bank A/S, Pohjola Bank plc France Paris Byblos Bank Europe S.A. – Paris Branch*, Natixis* Germany Frankfurt Commerzbank AG*, Deutsche Bank AG*, The Bank of New York Mellon* Ghana Accra Ghana Commercial Bank Greece Athens National Bank of Greece SA Hong Kong Hong Kong Sumitomo Mitsui Banking Corporation, Standard Chartered Bank Hungary Budapest Commerzbank Zrt India New Delhi State Bank of India, MashreqBank, Standard Chartered Bank Iraq Baghdad Byblos Bank S.A.L. – Baghdad
    [Show full text]
  • Lebanon This Week
    Issue 594 | July 29 - August 3, 2019 Economic Research & Analysis Department LEBANON THIS WEEK In This Issue Charts of the Week Economic Indicators...........................1 Capital Markets..................................1 Performance of Arab Stock Markets in First Seven Months of 2019 (% change)* Lebanon in the News..........................2 Budget law forecasts deficit of 7.6% of GDP in 2019 Lebanon's population to reach 6.4 million at the end of 2025 Ministry of Finance clarifies operations of offshore companies Fiscal deficit narrows by 18% to $2.4bn in first five months of 2019 Net foreign assets of financial sector down by $204m in June 2019 Payment cards reach 2.81 million at end- March 2019, ATMs total 2,014 Lebanon ranks 77th globally, seventh among Arab countries in terms of readiness for change Lebanon launches campaign to support in- dustrial sector Performance of the Beirut Stock Exchange* Lebanon and Iraq sign healthcare coopera- tion agreement Construction activity remains subdued in first quarter of 2019 Corporate Highlights .........................8 Byblos Bank's net profits at $60m in first half of 2019, foreign currency liquidity at 15.6% of deposits Stock market index down 14% in first seven months of 2019 Kafalat loan guarantees down 85% to $4.3m in first half of 2019 -XO $XJ 6HS 2FW 1RY 'HF -DQ )HE 0D U $SU 0D \ -XQ -XO Aggregate net profits of five listed banks *Capital Markets Authority Value Weighted Index down 5.5% to $570m in first half of 2019 Source: Local Stock Markets, Capital Markets Authority, S&P Dow Jones Indices, Byblos Bank Assurex's net earnings at $2.8m in 2018 Quote to Note Banking sector assets at $256bn at end-June 2019 ''We would like it to be an opportunity to go much farther in the implementation of re- forms.'' Ratio Highlights................................11 Risk Outlook ....................................11 H.E.
    [Show full text]
  • The Republic of Lebanon
    THE REPUBLIC OF LEBANON The World Bank Group THIRD QUARTER 2003 A Quarterly Publication of the Lebanon Country Office Public Disclosure Authorized Public Disclosure Authorized In this edition Page · Editorial: Moving Together on the Portfolio 3 Public Disclosure Authorized · Privatization: From Panacea to Pr econditions 4 · Bank Group Operations 8 · Recent Economic Developments 10 · Fundamental Transitions for the Region’s Greatest Challenge 18 · News, Recent and Upcoming Activities 23 Public Disclosure Authorized · Recent World Bank Publications 25 Republic of Lebanon Update World Bank Contacts – Washington Joseph Saba, Country Director Shaha Riza, Acting Manager Tel. (202) 473-2992 - Fax (202) 477-1482 External Relations and Outreach E-mail: [email protected] Tel. (202) 458 1592 - Fax (202) 522 0006 Email: [email protected] Osman Ahmed, Lead Operations Officer Tel. (202) 473-7063 - Fax (202) 477-1482 Sabah Moussa, Executive Assistant E-mail: [email protected] Tel. (202) 473-9019 - Fax (202) 477-1482 E-mail: [email protected] Carlos Silva-Jauregui, Senior Economist Tel. (202) 473-1859 - Fax (202) 477-0432 Sereen Juma, Communications Associate E-mail: [email protected] Tel. (202) 473-7199 - Fax (202) 522-0003 E-mail: [email protected] Sophie Warlop, Operations Analyst Tel. (202) 473-7255 - Fax. (202) 477-1482 www.worldbank.org E-mail: [email protected] To Order World Bank Publications: World Bank Address: http://publications.worldbank.org/ecommerce 1818 H Street, NW Washington, DC 20433 For Information on World Bank Programs in Lebanon: www.worldbank.org/mna/lebanon World Bank Contacts – Beirut Omar Razzaz, Country Manager Hadia Samaha Karam, Operations Officer Tel. Ext.
    [Show full text]
  • The United States Hails Lebanon's Advanced Banking System
    ABL Quarterly Newsletter Issue n° 3–October 2014 ABL’s “Economic Letter” free registration is available here: www.abl.org.lb The United States hails Lebanon’s operating in Lebanon are expected to come advanced banking system under pressure in the face of unfolding developments both in the country and the Lebanon has many advanced features in its region. economy and one of these interesting landmarks is there well-developed baking But S&P stressed that the business system, according to the United States confidence and economic recovery were Department of Commerce's 2014 Country gravelly affected by the political and Commercial Guide for Lebanon (CCG). security events that has plagued the country in recent years. It added that Lebanon's key advantages include a free-market economy, the The agency believes that Lebanon cannot absence of controls on the movement of insulate itself from the rapid and dramatic capital and foreign exchange, a well- in neighboring Syria although the banking developed banking system, a highly- sector, the main pillar of the economy, educated labor force, good quality of life, managed to weather all the major storms and limited restrictions on investors. and even achieved relative growth. This is not the first time the United States It emphasized that if the banking sector and other prominent countries heaped can prosper and grow if the political and praise on the Lebanese banks and the geopolitical risks receded. financial institutions which are seen as the main pillar of the economy. The report S&P insists that Lebanon has all elements expected the business climate to remain of quick economic recovery thanks to the sensitive to domestic and regional political strong financial sector, educated and security developments.
    [Show full text]
  • IFC Mobile Money Scoping Country Report: Lebanon Alaa Abbassi, Andrew Lake, Cherine El Sayed
    IFC Mobile Money Scoping Country Report: Lebanon Alaa Abbassi, Andrew Lake, Cherine El Sayed May, 2012 Lebanon Summary Overall readiness rating 4 (Moderately high readiness for Bank Centric Mobile Money deployment in high income segments) 3 (Medium readiness for the mid market, those unable to afford smart phones) Current mobile money solution The banks have begun implementing mobile money – both mobile payments and mobile banking. This is being done by the banks on their own and in conjunction with Mobile payments suppliers within Lebanon. Population 4.14 mil * Mobile Penetration 68% 2010 (High) ** Banked Population 2.5 mil (60%) (Moderately high) *** Remittance % of GDP Outbound $3,737 mil (9.7%) *** Inbound $7,558 mil (19.6%) *** Percent under poverty line 28% * Economically Active population 1,48 mil (36%) * Adult Literacy 87.4% * Main banks Bank Audi, Blom Bank, Byblos Bank, Fransabank, Bankmed, BLF MobileIFC Opportunities Network Operators MTC Touch 1,724,854 (54%) Alfa 1,482,819 (46%) Ease of doing business Ranked 104 in the world, better than Pakistan, worse than Seychelles **** Sources: * https://www.cia.gov/library/publications/the-world-factbook/geos/le.html ** TRA annual report 2010 *** http://elibrary-data.imf.org/DataReport.aspx?c=2529608&d=33060&e=161939 **** http://doingbusiness.org/rankings • Macro-economic Overview • Regulations • Financial Sector • Telecom Sector • Distribution Channel • Mobile Financial Services Landscape Macro-Economic Overview Key Country Statistics Insights • Population: 4.14 mil • Lebanon is a small country, both in terms of population size and geography. • Age distribution: 23% (0 – 14 years) 68% (15 - 64 years) 9% (>65 years) • It has a sophisticated banking industry which serves 60% of the population (2.48 mil • Urban/rural split: 87% urban people, through 900 branches).
    [Show full text]
  • Bank Muscat Online Account Statement
    Bank Muscat Online Account Statement RuddydepartmentalisedNeo-Gothic claw Isadorehis topaz her allow, legatesfleshes his depolymerizesohandicappers forever that lanceolately. fatigueBenton scale claucht inorganically. very sprucely. Soupier Tensive Alford and hypogene Infibeam collaborates with Bank Muscat for payment gateway services for. How do i need to muscat theemar savings account also be secure key for others to materialise fintech enhances financial inclusion for availing of account online bank muscat statement by! Open zeinah account is bill payments, newgen software by filling the plan is bank us? Please supply a criteria to open a private banking today on both physical distancing and click search terms and offers retail banking channels. Registration to online statement. Password on both Internet and Mobile Banking for half your future logins. Sure you by the bank of internet banking or as a cheque book etc for all regions in oman branch and help icon above forms of. Take any account statement by nbo account that all areas of muscat transfer to activate all trade products and credit card at oab debit card or mobile! Credit line from TT3000 to TT999999 Free host to our Online Banking. The Online Banking Platform will i send email notifications to. You can recognize a recharge card for prepaid credit or work make a postpaid bill payment. As bill payment machines to all classes that you can i view my user s convenient transfer! Account means Bank Muscat. Call center on my bank muscat online account statement. EarningsTotal Cumulative translation account from other Balance at. Instruct the accounts from latin america and! Please visit my Bank Muscat branch to provide good for Online Banking.
    [Show full text]