Home » LEBANON BRIEF » Issue November 2018 » Issue November 2018 - Week 1
BLC’s board of directors invites its shareholders to a general assembly meeting to be held at the bank’s headquarters in Beirut. The meeting will take place on November 19th 2018 at 11:00 am to elect a new ... read more
Odeabank, Bank Audi’s Turkish subsidiary, released its financial statements for the first nine months of 2018. The bank revealed a net profit of $29.84 million (M), down from $41.95M recorded in Q3 last ... read more
According to the Lebanese Ministry of Industry, , the total value of industrial exports during the first seven months of the year 2018 rose by 2.56% year-on-year (y-o-y) from $ 1.43B in July 2017 to $ ... read more
According to the latest report published by Ernst & Young, Beirut’s hotel occupancy rate fell yearly by 1.8 percentage points (p.p) to 63.6% by September 2018, compared to the same period last year. ... read more
According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit of $1.31B by September 2018 compared to $189.9M deficit recorded during the same period in 2017. In ... read more
BLOM Bank published today its unaudited financial results for the first nine months of 2018. In a difficult environment characterized by a slowing economy and continuing political paralysis, BLOM Bank ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 9.67% year-to-date (y-t-d), to stand at $241.12B by September 2018. In details, Currency and deposits with BDL ... read more
During the week ending October 18th, Broad Money (M3) shrank by a weekly LBP 309B ($205M) to stand at LBP 211,342B ($140B). As such, M3 rose by an annual 1.03% and by 1.56% since December 2017. In fact, M1 ... read more
Lebanon’s BLOM Bond Index (BBI) this week recorded a downtick of 1.18 % to close at 88.29 points, due to a lower demand for 5Y and 10Y Lebanese Eurobonds which lagged behind The JP Morgan Emerging Markets’ ... read more
The BLOM Stock Index (BSI) declined by 0.42% to reach 983.34 points over the last week. The market capitalization rose from $9.54B, last week, to $9.58B this week. On average, 951,407 shares worth ... read more
Lebanese Forex Market The Lebanese Pound steadied 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 supported by the Central ... read more
The BLOM Lebanon Purchasing Managers’ Index (PMI) rose from 45.8 in September to 46.2 in October 2018, on account of softer contractions in output, new orders and new exports. Hence, the GDP growth implied ... read more
The recent gridlock around the formation of a government is hurting confidence. According to the Central Bank of Lebanon, the growth in total private sector deposits slowed from 7.2% in 2016 to 3.8% in ... read more