Bank Audi S.A.E, the bank’s Egyptian subsidiary, recorded a profit of $23.85 M in Q1 2015, a 63.18% year-on-year (y-o-y) increase. In detail, net interest income increased by 19.43% y-o-y to settle at ... read more
The Ordinary General Assembly of BEMO Bank’s shareholders convened on May 29, 2015 and approved the distribution of dividends for the year 2014 worth LP 6,793M (or $4.51M). Those dividends will be ... read more
For Lebanon’s economy in general and for the banking sector in particular, 2015 represents the fifth year during which the Syrian spillovers and the political deadlock take a heavy toll. In good times and ... read more
Demand for Lebanese Eurobonds remained stagnant yesterday, as the BLOM Bond Index (BBI) steadied at 107.89 points. Similarly, yields on the 5Y and 10Y Lebanese Eurobonds remained at 5.12% and 5.94%, ... read more
Despite lower trading activity, the Lebanese bourse showed improvement in today’s session. In fact, the BLOM Stock Index (BSI) increased by 0.68% to 1,193.65 points, broadening its year-to-date gains to ... read more
Considering the positive impact of discussions for regarding the fiscal budget for 2015, after 3 ministries’ budgets were approved as well as the allocation of funds to all the ministries, the Lebanese ... read more
Demand for the dollar continued to weaken for the second consecutive week in the Lebanese Forex market. This was partially due to the excess supply of foreign currency inflow to the banking sector, ... read more
The Lebanese Eurobonds market witnessed a hike in demand, for the past few weeks, all along the yield curve. Foreign demand on short-term maturities following the selloff of European bonds and the decline ... read more
During the 2-week period ending May 14th 2015, broad Money M3 surged by LP 526B ($349.11M), to reach LP 180,477B ($119.72B) with a 5.55% yearly growth and a 1.7% y-t-d uptick. In contrast, M1 went down by ... read more
The total number of checks, cleared by Banque du Liban, showed a drop of 3.60% yearly, to 4.02M in the first four months of the year, compared to a higher level of 4.17M a year earlier. Furthermore, the ... read more
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