The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. The announcement lifted shares in the sector by as much as four percent in early trading.
Key details
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
“Capital follows credibility, and credibility is finally being rebuilt.”
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
Why it matters
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
