Lebanese banking sector: 15,152 employees end of 1999

Published October 15th, 2000 - 02:00 GMT

According to the latest report of ABL the total number of employees in 69 of the 73 banks operating in Lebanon has risen from 14,969 in 1998 to 15,153 end of 1999 (+1.2 percent). As for the number of branches, it increased from 691 to 716 (+3.6 percent).  

 

In 1999, the effective average number of employees was 21.2 per branch compared to 21.6 in 1998.  

 

The female portion follows a steady increase: 39.5 percent in 1997, 40.3 percent in 1998, 41.1 percent in 1999. 38 percent of bank employees are single. The number of children dependent on the employees of this sector is 15,344. 59.5 percent of employees are under forty years old.  

 

In general, the employees’ education level is satisfactory: 42 percent have a college degree and 33.8 percent have a baccalaureate or an equivalent. The number of employees with a college degree has increased from 5 percent in 1998 to 6 percent in 1999.  

 

The average base salary has risen to LBP 1.83 million (+6.5 percent). The minimum pay is still at LBP 300,000.  

 

With less than 1 percent of the active population in Lebanon, the banking sector contributes up to 5 percent to the GDP of the country. – (Banque Libano-Française- Conjoncture

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