Saad Azhari, Chairman and General Manager, BLOM Bank
The Lebanese Banking System: A Tale of Two Institutions
The presentation will focus on the role of the two major institutions that make up the Lebanese banking system, the commercial banks and BDL, and how they have managed to erect two strong balance sheets. Aided by their strong balance sheets and guided by their prudent policies, cooperation between the two institutions helped ensure monetary and exchange rate stability. But the banking system has been shouldering a lot of responsibility that goes beyond monetary functions to encompass elements of industrial and investment policies, even fiscal policy. With the new President and Government are now firmly in command, the presentation hopes that the conduct of sound economic policies will be more evenly distributed among the appropriate Government ministries and institutions.