Notwithstanding the hostilities in Syria which ravaged the
Syrian economy since early 2011 and the heightening uncertainties and risks
surrounding Syria’s operating environment, Syrian affiliates of Lebanese banks
recorded a sharp 55.11% y-o-y rise in net profits to around SYP 1.90 billion
($29.78 million) in the first half of 2012. On the other hand, when applying
end of reporting period prevailing SYP/USD exchange rate for foreign currency
translation, Lebanese banks’ Syrian subsidiaries would have casted a mere
15.62% annual increase in net profits. On the balance sheet front, the
consolidated assets of Lebanese Banks’ Syrian affiliates reached SYP 333.54
billion (around $5.24 billion) during the first half of 2012, up from SYP
324.30 billion (around $5.10 billion) in the first half of 2011.
Find out more in the attached Credit Libanais Market Watch, issue
No.330, for the week ended August 24, 2012. You may also directly access Credit
Libanais' weekly report and other economic publications on our website
للمزيد من
المعلومات، تجدون ربطاً التقرير الإقتصادي الأسبوعي المنظّم من قبل دائرة الأبحاث
الإقتصاديّة في بنك الإعتماد اللبناني للأسبوع المنتهي بتاريخ 24 آب2012. كما يمكنكم الإستحصال على
التقارير الإقتصاديّة الأخرى المنظّمة من دائرة الأبحاث الإقتصاديّة على موقعنا الإلكتروني
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