Lebanon Businessnews News
 

Three million depositors one million borrowers
IMF said number of loans doubled since 2005
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Last year commercial banks had a total of one million loan customers, according to the Financial Access Survey published by the International Monetary Fund.

The number of loan customers has been on the rise since 2005, when they were just 517,000. Borrowers' penetration rate ranked Lebanon in 13th place among 79 countries covered by the survey. The country came in second among 15 Arab countries, behind Oman.

The number of loans extended by commercial banks stood at 1.8 million in 2011, at a total value of $34 billion. The number of loans was 785,000 in 2005.

Depositors in commercial banks numbered three million last year, up from 2.2 million in 2005. Depositors’ penetration rate ranked the country in 20th place globally, among 91 countries, and in the third place among Arab countries.

The number of deposit accounts totaled 4.7 million, up from three million in 2005. The value of deposits totaled $116 billion.

In 2011, there were 31.5 branches of commercial banks and 41.7 ATMs for every 100,000 adultsup from 29.9 and 32 in 2005.
Reported by Hanadi Chami
Date Posted: Sep 26, 2012
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Penetration rate
(per 1,000 adults)
2005
 2011                   Global average          Arab average
    
Depositors
with commercial banks
748
949
718
696
Borrowers
from commercial banks
176
335
197
128
Deposit accounts
with commercial banks
1,052
1,483
1,281
973
Loan accounts
with commercial banks
267
573
372
524