|
We mean what we say! When necessary we scour Deloitte’s banking industry world, tapping intelligence and precedents – whether the issues relate to new international accounting standards, corporate governance, transfer pricing, the new emphasis on risk and control (BASEL 2), the development of new innovative distribution systems or otherwise.
We have regular exchanges with our banking industry colleagues in the US, Canada, France, Germany, UK, Hong Kong, South Korea, Singapore, New Zealand, Japan, South Africa and many other countries in the world. We leverage off global developments and localize and innovate for the Middle East market.
Lebanon is unique in the world in having a banking sector that boasts deposits equivalent to around two-and-a-half times the gross domestic product (GDP). The commercial banks saw a period of rapid growth from the early 1990s onward, aided by a series of mergers and acquisitions. Lebanon’s liberal banking industry provides a firm foundation that has encouraged a healthy financial sector. This reflected an increase of 11.2% in banking activity in 1999 and by late 2000 customers’ total deposits numbered US $40 billion in deposits.
We combine in-depth industry knowledge with technical expertise to develop cutting-edge services in
| 
