Profits of Syrian branches of Lebanon banks fell 98.2 %

In the first three months of 2013, the profits of Syrian branches of Lebanese banks fell by 98.2 percent to $640,000 from $49.8 million in the same period of 2012, according to a report by the daily Star.

All of the Lebanese banks said they had no intention of withdrawing from the Syrian market now or in the future because they believed the situation would get back to normal eventually.