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Lebanon 36th globally for market deposit penetration.

Summary: BEIRUT: Figures issued by the World Bank show that Lebanon has 1,372 deposit accounts per 1,000 adults at the end of 2009, ranking it in 36th place among 142 countries globally, in 12th place among 36 upper-middle income countries (UMICs), and in second place in the Arab world in terms of bank deposit penetration, as reported by Lebanon This Week, the publication

BEIRUT: Figures issued by the World Bank show that Lebanon has 1,372 deposit accounts per 1,000 adults at the end of 2009, ranking it in 36th place among 142 countries globally, in 12th place among 36 upper-middle income countries (UMICs), and in second place in the Arab world in terms of bank deposit penetration, as reported by Lebanon This Week, the publication of the Byblos Bank Group.

Also, Lebanon has 520 loan accounts per 1,000 adults at commercial banks, ranking it in 17th place globally, in 8th place among UMICs and in first place among nine Arab countries in loan account penetration.

Globally, Lebanon ranked ahead of Albania, Puerto Rico and Costa Rica and came behind Slovenia, Croatia and Thailand in the penetration of deposit accounts. It also ranked ahead of Venezuela, Colombia and Costa Rica and came behind Dominica, Poland and Turkey among UMICs; while it came ahead of Algeria, Jordan and Oman and came second behind the UAE among Arab countries.

Lebanon's deposits' penetration rate is higher than the global average of 1,216.5 accounts per 1,000 adults and the Arab average of 778 accounts, but lower than the UMICs' average of 1,511.2 accounts per 1,000 adults. Also, the average value of deposit accounts was equivalent to 333 percent of income per capita in Lebanon, ranking it in 12th place globally and in third place regionally.

Further, Lebanon ranked globally ahead of Macedonia, Colombia and Mauritius and came behind Argentina, Brazil and Antigua and Barbuda in loan accounts per 1,000 adults. It also ranked ahead of Macedonia, Colombia and Mauritius and came behind Argentina, Brazil and Costa Rica among UMICs; while it ranked first among Arab countries.

Lebanon's loan penetration rate is higher than the global average of 324.7 accounts and the Arab average of 234.7, but less than the UMICs' average of 427.6 accounts per 1,000 adults. Also, the average value of loan accounts was equivalent to 242 percent of income per capita in Lebanon, ranking it in 36th place globally and in fifth place in the Arab world.

In parallel, Lebanon has 39.32 ATMs per 100,000 adults, ranking it in 56th place among 92 countries, in 20th place among UMICs, and fourth in the Arab World in terms of ATM penetration. Globally, Lebanon ranked ahead of Finland, Cape Verde and Mauritius and came behind the Czech Republic, Puerto Rico and Panama on the number of ATMs per 100,000 adults.

It also ranked ahead of Dominica, Argentina and Mauritius and came behind Panama, Turkey and Mexico among UMICs; while it came ahead of Tunisia, Morocco and Jordan and behind Oman, Kuwait and UAE among Arab countries. The level of ATM penetration in Lebanon is lower than the global average of 49.17 ATMs per 100,000 adults and the UMICs' average of 48.34 ATMs, but higher than the Arab average of 28.49 ATMs per 100,000 adults. -- The Daily Star

Copyright 2009, The Daily Star. All rights reserved.

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Publication:The Daily Star (Beirut, Lebanon)
Geographic Code:0BANK
Date:Sep 30, 2010
Words:582
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