The latest data by the Association of Banks (ABL) revealed that the total value of cleared checks declined by an annual 15.8% to stand at $32.6B by July 2019. In turn, the total number of checks fell by ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
Odeabank, Bank Audi’s Turkish subsidiary, released its financial statements for the first half of 2019. The bank’s income statement revealed a net profit of $1.82M, down from $29.23M recorded in H1 last ... read more
According to Holcim’s balance sheet as of June 2019, the company’s Total Assets dropped by 7.11% since year start, to settle at $244.63M in H1 2019. In turn, the firm’s Total equity recorded a year-to-date ... read more
The financial statements of the “Societe Libanaise des Ciments Blancs” revealed a plunge in the company’s profits from $5.8M by end 2018 to $993,000 by June 2019. The contraction in profits came on the ... read more
Overview H1 2019 carried political, economic, and social headwinds. Lebanon faced various political, social, and economic difficulties in the first 6 months of 2019, starting with a prolonged delay in ... read more
During the month of July 2019, Lebanon’s Purchasing Managers’ Index (PMI) recorded its highest reading since 2.5 years ago, with the index standing at 47.7 points, still below the neutral mark of 50 points ... read more
Broad Money (M3) increased by LBP 174B ($115B) in the week ending July 11, 2019 to reach LBP 210,806B ($139.84B), retreating by a yearly 0.92% and 0.62% since the start of the year. In details, M1 ... read more
Lebanese Forex Market The Lebanese Pound (LP) steadied during the past week within the range of $/LP 1,514 – 1,514.5 against the dollar, with a mid-price of $/LP 1,514.25. The peg continues to be ... read more
The BLOM Stock Index (BSI) declined over the week ending Aug 02nd by 2.70% to 817.86 points, and this can be partly linked to the release of bank’s earnings this week. In addition, despite the signing off ... read more
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