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8 Lebanese Banks on Top 1,000 in the World

In its 2012 survey of the Top 1,000 commercial banks in the world, The Banker magazine included eight Lebanese banks on the list, down from

nine banks in 2011 last year, none of which ranked among the top 25 lenders in the Middle East.

The rankings, as reported by Lebanon This Week, the Byblos Bank economic publication, are based on Tier One capital at year-end 2011 as defined by the Basel Bank for International Settlements. The Banker said the definition is stricter than total shareholders’ equity and covers only the core of a bank’s strength, namely the shareholders’ equity available to cover actual or potential losses.

Byblos Bank's Tier One capital-to-assets ratio reached 8.58% at end-2011, posting the highest such ratio among all Lebanese banks. It was followed by, BLOM Bank (7.39%),Banque Libano-Française (7.16%), Bank Audi (6.59%), Fransabank (6.2%), Bank of Beirut (6.15%), BankMed (6.07%), and Crédit Libanais (5.7%).

Beirut

 24 million jobs set to open up in the green economy by 2030- ILO 

ECO INITIATIVES

  • 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.

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