Sfeir: Supporting the economy guarantees the sustainability of the country
Posted on 29/09/2014
In an interview to Al Safir newspaper, published on September 29, 2014, Dr. Salim Sfeir, CEO and Chairman of Bank of Beirut highlighted the role of the banking sector in the Lebanese economy, asserting that supporting the economy is fundamental for the country's sustainability. 

Dr. Sfeir also shared his thoughts about the compliance with FATCA regulations, the impact of Lebanon's credit rating downgrade on the banking sector, and the capacity of the industry to finance the 2014 budget deficit. 

Finally, Dr. Salim Sfeir highlighted the financial performance of Bank of Beirut during the first half of 2014, which has recorded sustained growth and high profitability, asserting that in spite of the difficult situation, the banking sector has been able to overcome the crisis. 

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