KUO's EBITDA in 2017 had a non-recurrent income
of around USD15 million from its polysterene business that benefited its profitability.
With the financial engineering, Lebanon preemptively positioned its banks to have higher capital bases (cumulative increase estimated at $2.5 billion) as they transferred non-recurrent income
from the financial engineering operation to Tier-2 capital.
Khalife also says that non-recurrent incomes
like those originating from the central bank's financial engineering are very helpful as a short-term boost, but one should analyze the health of the banking sector without taking non-recurrent incomes