Home » LEBANON BRIEF » Issue April 2018 » Issue April 2018 - Week 5
BEMO Bank’s board of directors invited its shareholders for an ordinary general assembly that will be held at the bank’s headquarters in Riad el Solh, Beirut on May 28, 2018 at 09:00 a.m. The meeting’s ... read more
On March 14, 2018, the IMF issued a statement that highlighted medium-term projections on Lebanon’s debt to GDP ratio and economic growth as the Capital Investment Plan (CIP) is implemented. The IMF ... read more
According to the consolidated unaudited balance sheet of Bank of Beirut, Total assets fell by 1.31% y-t-d to $18.13B by Q1 2018. In details, Net Loans and Advances to Customers at amortized cost fell by ... read more
The consolidated financial statements of Bank Audi in 2017 revealed an annual increase of 3.52% in the profits of Q1 2018, which stood at $114M, of which 42% from entities outside of Lebanon. According to ... read more
BLOM Bank published today its unaudited financial results for the first quarter of 2018. In a difficult environment characterized by a slowing economy, higher taxes on banks, and continuing regional ... read more
According to Bank BEMO’s unaudited consolidated financial statements, the bank’s profit for 2018’s first quarter (Q1) totaled $4.06M compared to $3.96M int the same period last year. The boost in the ... read more
According to the Ministry of Finance (MoF), Lebanon’s gross public debt reached $81.5B in the second month of 2018, thereby recording an annual uptick of 7.08% and a 1.41% uptick from January 2018’s level. ... read more
The BLOM Stock Index (BSI) added an incremental 0.09% over the past week to reach 1,131.34 points by May 3, 2018. The market capitalization also rose from last week’s $11.14B to $11.15B this week. An ... read more
The Lebanese Pound traded within the range of $/LP 1,514-1,514.5 against the dollar with a mid-price of $/LP 1,514.25 by the week ending March 4th, at the same range as last week. Lebanese Forex Market The ... read more
The BLOM Bond Index (BBI) declined by 1.41% to end the week at 96.62 points. It was surpassed by the JP Morgan Emerging Markets’ Bond Index (EMBI) which slid by 1.19% over the week ending Apr.5, 2018, to ... read more
During the week ending on Apr. 5, 2018, Broad Money (M3) contracted by a weekly LBP 166B ($110M) to reach LBP 210,065B ($139B). On a yearly basis, M3 added 3.65% and rose by 0.95% since the start of the ... read more
The BLOM Lebanon Purchasing Managers’ Index (PMI) stood at 46.2 in April 2018, its lowest level of the year so far. The index was weighed down by a faster deterioration in the levels of output and ... read more
Net Profit ($ mn) ROACE (%) ROAA (%) Cost-to-Income (%) BLOM 116.83 15.21 1.42 37.03 Audi 114.08 12.00 1.05 50.50 BoB 50.68 10.50 1.11 47.00 Byblos 27.85 5.31 0.49 60.70 The ... read more