One Percent Hold Half of All Bank Deposits in Lebanon

Less than 1 percent of depositors control 50 percent of all customer deposits in Lebanese banks, the IMF said this week. “For the domestic banking system at end-2015, it is estimated that 16,000 accounts (less than 1 percent of all deposit accounts) held 50 percent of total deposits, while 1,600 accounts (less than 0.1 percent of all accounts) held 20 percent of total deposits,” the report from the International Monetary Fund said.