Lebanon banks grow despite global downturn скачать в хорошем качестве

Lebanon banks grow despite global downturn

(30 Nov 2008) 1. Tilt down exterior of Arab Bank 2. Mid of man walking out of Arab Bank 3. Mid of Bank of Beirut with cars passing nearby 4. Close up of First National Bank sign 5. Wide of First National bank building 6. Tilt down of Byblos Bank building 7. Mid of Byblos Bank sign 8. Mid interior of bank front desk with customers queuing 9. Mid of bank employees 10. Mid of front desk 11. Close up of currency counting machine counting US dollars 12. Mid of employee with a customer 13. Close up of dollars being hand counted 14. Tilt down of Lebanon's Central Bank building 15. Close up of Banque Du Liban sign 16. Set up of Riad Salameh, Lebanon's Central Bank Governor, walking in room 17. SOUNDBITE (English) Riad Salameh, Lebanon's Central Bank Governor: "The Lebanese banking sector has shown growth this year. Its aggregate balance sheet has grown by around 12 percent and the banks in Lebanon are going to record profits for the year 2008 which are in excess of what the profits of 2007 by approximately 10 percent. The liquidity is high in our system and interest rates have been stable with confidence being maintained as shown in the exchange market where there is demand to buy the Lebanese pound and to sell foreign currency against it." 18. Cutaway of photographer 19. SOUNDBITE (English) Riad Salameh, Lebanon's Central Bank Governor: "We have regulated structured products and derivatives since many years and we have forbidden the acquisition of sub-prime by our banks. Therefore there is no toxic assets in our banking sector and that has created a comfort to the markets and to depositors." 20. Mid of Central Bank employee wrapping money 21. Close up of money being wrapped 22. Central Bank employee pushing money packs on a trolley 23. Set up of Ghazi Wazni, Economic and Financial expert, walking 24. SOUNDBITE (English) Ghazi Wazni, Economic and Financial expert: "We are afraid that some Lebanese will lose their jobs because of the sluggish economy in Arab Countries and this will affect also the Lebanese capital in flow." 25. Mid of Beirut street STORYLINE: Lebanon's banking sector is weathering the global financial crisis and profits are expected to increase by 10 percent this year, the Central Bank governor said on Wednesday, in a reflection of the country's ability to rebound from a legacy of adversity. Riad Salameh attributed the growth in the banking sector, which comes at a time when a liquidity crisis has gutted some of the world's top banking giants, to strict regulations imposed by the Central Bank, including a cash reserve requirement of 15 percent. Salameh told the Associated Press that "the Lebanese banking sector has shown growth this year" and the banks in Lebanon are going to record profits in 2008 in excess of 2007 profits by approximately 10 percent." The comments from the country's Central Bank governor came as many banks around the world are losing big money and laying off thousands of employees. The strength of the country's banks is largely a reflection of the country's resilience as it has repeatedly looked to rebuild after years of conflict and instability turned broad swaths of Beirut into a gutted battleground with different areas controlled by competing militias and armies. In addition to the 1975-90 civil war, the country has also struggled with a high national debt, chronic budget deficits and wars with Israel. That privacy has allowed Lebanese banks to stay comfortably afloat, even in the worst of times. Instead, they have loaned billions of dollars to the government, at higher interest rates than in the US. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...