Lebanon

Lebanon's banking system remains in the systemic crisis that began in 2019, when banks imposed informal capital controls that evolved into tight monthly withdrawal caps or outright freezes on US-dollar deposits. The Banking Control Commission supervised 57 banks and 37 financial institutions in May 2026. Commercial banks' consolidated balance sheet stood at LBP 8,988tn (about US$100bn at the official rate) in July 2026, close to three times 2025 GDP, because losses on banks' exposures to BdL and the sovereign have not yet been allocated under a legal framework.