Sheikh Ghassan Assaf: BBAC Expands Despite Tensions - The Daily Star

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Date: 
19 10 2015

In an interview with the Lebanese newspaper The Daily Star, BBAC's Chairman - General Manager Sheikh Ghassan Assaf discussed BBAC's developments, among other topics, highlighting the bank's recent branch expansion, future plans and financial performance. He affirmed "Our performance until the end of June shows an increase in deposit YOY [year-on-year] 10 percent as compared to 7 percent for Alpha group - we are the third highest. We have achieved an increase in loan portfolio YOY by 12 percent - 4.5 percent to Alpha group."

Sheikh Assaf also stressed on BBAC and the banking sector's concerns amid difficult economic and political circumstances Lebanon is facing. Moreover, he called on the Parliament to pass crucial bills. Despite the challenges, his outlook remained positive, stressing BBAC's strong will to grow and contribute to the country's economic and social development.

Click here to read the full interview...

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