10 Lebanese Banks among Top 100 Arab Banks
he Union of Arab Banks' 2012 survey of top 100 Arab banks included 10 Lebanese banks on its list.
The survey ranked banks based on total assets at year-end 2011, as reported by Lebanon This Week, Byblos Bank newsletter.
Byblos Bank ranked in 38th place on the list, ahead of Burgan Bank in Kuwait, Qatar Islamic Bank and Saudi Arabia's Saudi Hollandi Bank. Byblos Bank's assets stood at $16.6bn at end-2011, constituting an increase of 8.6% from $15.3bn at end-2010, and compared to growth of 7% in the assets of the top 100 Arab assets. Also, Byblos Bank's assets accounted for 12.7% of the aggregate assets of the 10 Lebanese banks and for 0.9% of the assets of the top 100 Arab banks.
Other Lebanese banks on th list included Bank Audi in 20th place, followed by BLOM Bank in 27th place, Fransabank in 44th place, BankMed (50th), Banque Libano-Française (57th), Bank of Beirut (60th), Crédit Libanais (73rd), Société Générale de Banque au Liban (86th) and Bank of Beirut and the Arab Countries (99th). The total assets of the 10 Lebanese banks reached $131.1bn at end-2011, up 7.3% from end-2010. Also, the total assets of the 10 Lebanese banks accounted for 6.9% of the aggregate assets of the largest 100 Arab banks at end-2011, unchanged from end-2010.
The aggregate loans of the 10 Lebanese banks reached $37.6bn at end-2011, up 13.1% from end-2010 and accounted for 3.8% of total lending of the top 100 banks in 2011, up from a 3.6% share in 2010. The aggregate deposits of the Lebanese banks represented 8.5% of the 100 Arab banks' deposits at end-2011 compared to a share of 8.3% at end-2010. Further, the total prof- its of the 10 Lebanese banks reached $1.5bn in 2011, constituting a marginal increase of 0.3% from 2010, and accounting for 5.2% of the aggregate profits of the 100 Arab banks included in the survey.
STRATEGIES & PLANS
A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.