Credit card use in Lebanon increase significantly since 1998, with the amount of cards distributed rising from 185,000 to 408,000 in 2001, confirmed a published bank statement on the use of credit in the nation.
The total of purchases charged to credit cards by residents and non-residents in Lebanon in 2001 reached $935 million compared to $285 million in 1998. Purchases on credit cards by the residents abroad surged to $186 million dollars from $123 million dollars during the same period. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
