Bank of Beirut’s (BoB) net profits added 15.30% year-on-year (y-o-y) to $123.19M, in September 2014. This was driven by the 16.43% and 3.93% upsurge in net interest income and net fees and commission ... read more
BEMO Bank recorded a 126.95% leap in net profits to $8.9M by September 2014, up from $3.94M during the same period last year. This leap is directly related to the 31.46% year-on-year (y-o-y) rise in Net ... read more
BLC Bank consolidated income statement revealed 43.64% yearly surge in net profits to $33.98M in September 2014. This can be mainly attributed to the 25.11% and 2.35% year-on-year rises in net interest ... read more
Bank Byblos posted a 0.68% year-on-year (y-o-y) decrease in its net profit to $112.80M by end of September 2014, even though the net interest income increased by 19.07% y–o-y to $179.80M and net fees ... read more
Bank of Beirut S.A.L invites all shareholders to attend an Extraordinary General Meeting to be held at 3:30 p.m on Monday 17th of November, 2014 at the Bank’s Head Office located at Foch Street, Beirut ... read more
According to the Ministry of Tourism, the number of tourists visiting Lebanon by Q3 2014 has displayed a 4.21% year-on-year (y-o-y) improvement, bringing the total number up from 977,380 tourists to ... read more
Ernst and Young’s Middle East Hotel Benchmark Survey revealed that Beirut’s hotel occupancy rate increased by 21 percentage points (pp) year-on-year (y-o-y) to stand at 56% in September 2014. This caused ... read more
In light of the quickening economic growth and increasing population levels in the region have led to an inflow of investments in the consumer industry by several companies and private-equity firms. Due to ... read more
BLOM Bank posted a 2.51% year-on-year (y-o-y) increase in its net profit to $269.31M by end of September 2014, leading to a 15.26% return on average equity. This can mainly be attributed to the 5.17% and ... read more
The consolidated results of insurance companies for H1 2014 showed that total YTD Gross Written Premium grew by 9%, during the first half (H1) of 2014, to $804.5M. Non-life insurance premium contributed a ... read more
In September, construction activity helped reverse the declining trend in construction area authorized by permits. The number of construction permits inched up 0.23% year-on-year (y-o-y) to 12,827 by ... read more
Total real estate transactions inched up by a yearly 4.06% during the first three quarters of 2014, to reach 51,901 transactions. Total value of property sales transactions surged by 10.49% year-on-year ... read more
MEVP is to close its Impact Fund, a venture capital fund that is valued at $50M. MEVP will use this fund, sponsored by Blominvest Bank and MedSecurities Investment, to invest in early and growth stages of ... read more
Global Finance, the prestigious international financial institution awarded BLOM Bank “Best Bank in Lebanon for 2014” in a ceremony that occurred as a derivative of the Annual Meetings of the International ... read more
Bank Audi posted 7.12% year-on-year (y-o-y) increase in its net profit to $279.88M by end of September 2014. In details, the net interest income increased by 24.58% y–o-y to $585.98M while net fees ... read more
According to ARA Marketing Research and Consultancy, the Consumer Confidence Index (CCI) lost 15 points to stand at 62 points in September, recording a ten-month low. This decline was triggered by the ... read more
The Lebanese gross public debt reached $65.86B in the first eight months of 2014, rising by 8.86% from its value in the same period last year. As a percentage of GDP, Lebanon’s gross public debt went from ... read more
Inflation rate reached 2.34% year-on-year (y-o-y) where the Consumer Price Index (CPI) increased to 100.78 in September 2014, compared to 98.47 in September 2013 (this level is adjusted on the new base of ... read more
Transfers to EDL stood at $524.84M in the first quarter (Q1) of 2014, falling by 8.25% from the same period last year. This was mainly driven by lower payments to the two oil suppliers KPC and SPC, which ... read more
The Central Bank’s (BDL) balance sheet, revealed a 0.79% monthly rise in total assets to $85.93B by mid-October, mostly due to the 0.32% rise in its holding of foreign assets. Foreign assets (excluding ... read more
Bank of Beirut SAL has completed a $100,002,000 increase of its capital by way of issuing 4,762,000 “Series 2014 Priority” shares. The Priority Shares constitute a special class of the Bank’s common shares ... read more
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