Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
After decreasing for two years in a row, Byblos Bank’s profits reversed the downward trend, growing 12.51% compared to 2013, to stand at $175.72M by December 2014. Worth noting, Byblos outperformed Bank of ... read more
Bank of Beirut (BoB) recorded a 20.65% surge in its net profits to $175.47M end of 2014. This upsurge was the result of the 13.50% and 17.03% increase in interest income and net fees and commission income ... read more
Retail banking activity in Lebanon was one of the few indicators to post improving activity in 2014. The number of payment cards soared by a yearly 23.2% in the first half of 2014 to hit 2.36M cards, out ... read more
BEMO Bank published its unaudited 2014 financial results revealing a yearly increase in its net profits by 74.9% to $11.17M. The progress resulted of gains in the net financial revenues that surged by ... read more
After the approval of the Central Council of Banque du Liban, Cedrus Invest Bank boosted its capital from $51.74M to $491.74M. The capital increase will occur through the issuance of 54,250 new nominal ... read more
Lebanon’s trade deficit for 2014 narrowed by 0.64% year-on-year (y-o-y) to stand at $17.19B as imports during the year displayed a 3.48% decrease to offset the 15.95% reduction in exports during the same ... read more
After being awarded Best Bank in Lebanon for 2014, BLOM Bank posted a 3.67% yearly surge in its net profits, to $365.37M in 2014. In details, net fees and commission income and net interest income jumped ... read more
According to the Ministry of Finance (MoF), “salaries, wages and related benefits” posted a slight increase of 0.14% in the first half (H1) of 2014, to $1.39B, due to higher payments related to the Mutual ... read more
Bank Audi recorded a 15.03% jump in its profits for 2014 to $350.33M, owing to the 32.15% surge in net fee and commission income to $247.22M. Operating expense also increased by 21.68% to $730.46M. The ... read more
2014’s sluggish economic performance failed to hinder checks activity that managed to progress in value despite the tightening of its volume. In details, the value of checks cleared by Banque du Liban rose ... read more
