Index Of Lebanon

Al Warka Bank For Investment & Finance

Bloc A, Floor 9, Azarieh Building, Emir Bachir Street, Beirut Central District, Beirut, Lebanon
Beirut Central District, Lebanon

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Al Warka Bank For Investment & Finance

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Companies in Lebanon: al warka bank for investment & finance

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Al Warka Bank For Investment & Finance

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  • Website: warka-bank.com
  • Telephone: +9611972039
  • Telephone: +9611972093
  • Telephone: +9611972094
  • Telephone: +9611972095

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    Banks In Lebanon

    Established in 1959, the Association of Banks in Lebanon (ABL) is a professional industry association. Its key mission is to effectively promote the interests and public image of the Lebanese banking sector. It has been a leading contributor to public policies debates and legislation, in particular those related to the financial sector. In addition, it plays a crucial role as coordinator among banks on common issues regarding standards, procedures, technology, etc.
    ABL responsibilities also include assisting banks and their employees, in negotiating and concluding a Collective Labor Agreement, and resolving any problems which may arise from its implementation.

    The Lebanese banking industry is financially sound and stable. It plays key roles in the Lebanese economy where banks continue to dominate the financial system of the country and are major providers of credit to individuals and businesses.
    Banks and other financial institutions in Lebanon fall under the jurisdiction of the Bank of Lebanon (BDL), the country s central bank, which is the bank regulatory authority. The Bank of Lebanon controls entry into the banking industry, defines the scope of banking activities and sets prudential regulations and codes of practice for banks.
    The Banking Control Commission (BCC), established in 1967, is the bank supervisory authority. It is responsible for supervising banking activities and ensuring compliance with the various financial and banking rules and regulations.
    Overall banking activities are also subject to both the Code of Commerce (1942) and the Code of Money and Credit (1963).
    The progress realized by the Lebanese banking sector over the last ten years or so could not have been possible without the appropriate and strong bank regulation and supervision undertaken by the BDL and BCC and the close cooperation of the ABL.


    The economy of Lebanon is a developing economy, with a private sector that contributes to 75% of aggregate demand and a large banking sector that supports this demand. The IMF forecast a growth of 7% for Lebanons real GDP in 2010 and 2011 following 9% growth in 2009 and 8.5% in 2008. It has the 54th richest GDP per capita in the world, and it was forecasted that Lebanons GDP per capita would reach $20,000 by 2015, making it one of the strongest economies in the region. However, the Lebanese economy was badly affected by the Syrian civil war. The institute of international finance forecasted GDP growth of only 0.7% for 2013. Lebanon also suffers from a very high degree of public debt, the third-highest in the world in terms of the ratio of debt-to-GDP. As a consequence, interest payments consumed 48% of government revenues in 2016, thus limiting the government’s ability to make needed investments in infrastructure and other public goods.


    The major industrial sectors include metal products, banking, agriculture, chemicals, and transport equipment. Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital movement.


    Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital movement, and bank secrecy is strictly enforced. Lebanon has recently adopted a law to combat money laundering. There are practically no restrictions on foreign investment. There are no country-specific U.S. trade sanctions against Lebanon.


    Lebanon is a country in Asia and it is located in the western part of the Asian continent. Lebanon shares borders with just two countries Israel and Syria. The capital of Lebanon is Beirut and the official language of Lebanon is Arabic but many Lebanese also speaks French and English. As a matter of fact, English is rapidly becoming the first choice language that is used for business interactions in Lebanon.


    The Lebanese economy revolves around Agriculture, Tourism, Commerce, and Banking.


    Beirut the capital city of Lebanon has a very rich and robust nightlife hence attracting tourists who are heading towards the Middle East on vacation. It is important to note that Lebanon is ranked as 10th best country in terms of quality education and the 4th best country for math and science education in the world.

    Lebanon is famous for its exquisite beauty, diversity, glamour, European flavor, and hospitable people. Its rich culture and history have placed it on the 'must see' list of every world traveler. Lebanese cities are among the most famous names in ancient history and majestic ruins still stand today as a testimony to the greatness of people who lived in this land.
    The nature of Lebanon makes it the only country in the Arab world that embraces four seasons yearly. No matter what the season, there is always something special to enjoy. In the winter season, ski resorts offer tourists slopes that are comparable to even the best resorts in Europe. In the summer, international festivals all over the country in Baalbek, Byblos, Beiteddine, Batroun, and Jounieh bring together Lebanese and foreign artists to perform in stunning archaeological and historical sites. These events have given Lebanon an enviable place on the cultural map of the Middle East.


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