Banks are competing aggressively to attract deposits, especially those denominated in lira. They seek to extend deposit maturities, according to the cover story of the August issue of Lebanon Opportunities.
To encourage their customers to boost their lira deposit levels, banks are passing on generous interest margins offered by the Central Bank (BDL). In July, a number of banks were offering 11 percent on lira deposits converted from dollars for a maturity of two years, 12 percent for t...
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