Home » LEBANON BRIEF » Publication September 2016 » Issue September 2016- Week 2
The board of directors of Bank of Beirut (BOB) Bank called on the bank’s preferred “K” shareholders to attend an extraordinary general assembly meeting which will be held on the 11th of October 2016 at the ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit broadened by 8.52% to reach $1.94B by June 2016, versus a deficit of $1.78B in the same period in 2015. In details, in the first half of the ... read more
According to Kafalat, the number of loan guarantees grew to 475 guarantees by August 2016. The overall value of the guarantees rose 13.47% to reach $65.73M by August 2016 compared to a value of $57.93M ... read more
According to the Central Administration of Statistics (CAS), average consumer prices, depicted by the average Consumer Price Index (CPI), declined by 2.05% y-o-y by August 2016, where the average CPI fell ... read more
According to Lebanon’s commercial banks’ balance sheet, total assets grew 2.66% year-to-date (y-t-d) and 6.12% y-o-y, from $179.91B by July 2015 to $190.93B by July 2016. The main drivers behind the y-t-d ... read more
Port of Beirut (PoB) recorded a 1.13% yearly rise in its revenues by August 2016 to reach $160.54M. Total container activity including transshipment (TEU+TS) grew by an annual 0.78% to 770,205 twenty-foot ... read more
According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars marginally fell 0.04% year- on- year (y-o-y) to 27,355 cars by August 2016. In ... read more
According to the Ministry of Finance, personnel costs rose by a yearly 5.25% to $4.70B by December 2015. The rise in personnel salaries was justified by a 4% year-on-year increase in salaries, wages and ... read more
The board of directors at BLC Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting to be held on the 22nd of September 2016 in the bank’s headquarters. The meeting’s ... read more
According to the Association of Banks in Lebanon (ABL), Lebanon has been witnessing a downward trend in both the value and number of cleared checks this year. As such, the value of cleared checks dropped ... read more
A version of this article appeared in the print edition of The Daily Star on September 22, 2016, on page 4. Lebanon’s half absent electricity remains a major source of social and financial distress for the ... read more
Lebanese Forex Market Demand for the dollar on the Lebanese forex market remained constant over the past 2 weeks , where the value of the Lebanese pound against the dollar stood at $/LP 1,514-1,514.50 with ... read more
Over the past two weeks, performance of the Beirut Stock Exchange witnessed no change with the BLOM Stock Index (BSI) marginally up ticking by 0.01% to 1,149.42 points. This was translated by a ... read more
The BLOM Bond Index (BBI), registering a 0.43% drop from the 8th of September to reach 102.68 points, lagged behind the JP Morgan Emerging Markets’ Bond Index which witnessed a 0.14% fall over the past 2 ... read more
During the week ending September 8, Broad Money M3 widened by LP 282B ($187M) from September 1 to reach LP 193,333B ($128B). As such, M3 recorded a 5.41% annual growth and a 3.61% rise since the start of ... read more