123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Overview Of The Banking Sector In Lebanon

By Author: John Dow
Total Articles: 1

The Lebanese Banking sector has been known for its stability and success ever since it picked itself up after the end of the Lebanese civil war in 1990. It has now reached a stage where in 2010 it attracted the largest share of bank deposits in the Middle East and North Africa region. The banking sector in Lebanon attracts foreign capital for several reasons of which are the ease of opening an account, the variety of services they offer and the banking secrecy law.
Opening an account in any Lebanese bank is pretty alluring for foreigners because they can take advantage of the same services and benefits that are offered for locals. A person can open an account in any currency he wishes, and if he chooses to change to the Lebanese currency, it is fully convertible and can be exchanged freely. Moreover, a residency in Lebanon is not a requirement for opening a bank account which is a big plus for foreigners.
Some of the services that are available in most Lebanese banks are the following:
-Loans: There are several types of loans available such as housing loans, educational loans, car loans, appliances loans and loans for start up businesses.
-Cards: Many types of credit and debit cards are available for different uses according to the user's preference
-Online banking: account holders have the ability to access their accounts online wherever they are and keep track of transactions of their accounts and their cards.
-Saving plans: mostly for retirement and education
Last but not least, the banking secrecy law in Lebanon allows the foreigner to have his mind at ease that his account information and transactions are truly kept in secrecy as any information released would result in serious predicament for those responsible.

Total Views: 39Word Count: 288See All articles From Author

Business Articles

1. Guide To Buy Carbon Fiber Motorbike Parts
Author: Lao Yutang

2. A Smart And Detailed Guideline On Making Your Catalog Pop!
Author: Shawn Nag

3. Busy – Accounting Software By Hk Computers
Author: HK Bookkeeping

4. Waterfront Resort Montauk Yacht Club
Author: Unknown Member

5. Mechanical Sifter By Chitra Machineries
Author: Chitra Machineries Pvt. Ltd.

6. Folders By Patel Printing
Author: Patel Printing

7. World Health Day 2018
Author: Phenixcare

8. Expertise In Manufacturing Monitoring, Measurement, Marking Robotics Automation Systems-micro Logics
Author: Micro Logics

9. Benefits Of Prefabhomes
Author: Vishal Shah

10. Here's Why You Should Invest In A Mobile App For Your Business
Author: Surabhi Joshi

11. Cpe Bags: Market, Trend, Andother Things To Know Before Purchase
Author: Linda

12. Keys To A Successful Job Search
Author: Umesh Ahirrao

13. Different Design Phases In Fashion
Author: Umesh Ahirrao

14. Buyer’s Guide For Finding A Reliable Commercial Rebar Bender
Author: HOPPT Australia

15. Promote Your New Facebook Page Efficiently
Author: Gaurav Rachewar

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: