The construction industry in Lebanon showed positive performance in the first quarter of this year with the number of real estate permits increasing to 4,183, compared to 3,337 in the same period of 2015. ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $94.95B in April 2016, recording a 0.40% monthly increase from March’s 2016 level and a 6.91% rise from April 2015’s ... read more
During the first quarter of 2016, real estate activity witnessed a positive performance as the total number of real estate transactions rose by 14.5% y-o-y to reach 19,640. Also, the total value of these ... read more
As per its latest unaudited financial statements, Bank of Beirut (BoB) recognized a yearly 7.96% rise in its Net Income, ending 2015 at a level of LBP 65.99B ($43.78M). BoB saw its net interest income ... read more
The consolidated financial statements of Byblos Bank revealed a 3.05% year-on-year (y-o-y) increase in profits to $33.76M in the first quarter of 2016 (Q1 2016). As net interest income and net fees and ... read more
According to its financial statements, BEMO Bank managed to post a 17.86% year-on-year (y-o-y) growth in its net profits to $3.70M in the first quarter (Q1) of 2016. This came as a result of the 11.52% ... read more
According to BLC Bank’s income statement, net profits dropped 19.99% year-on-year to $9.24M in the first quarter (Q1) of 2016. Net interest income and net fees and commission income decreased 38.07% and ... read more
In the first quarter of the year (Q1 2016), BLOM Bank retained its strong standing in the sector by relying on its successful conservative approach and expansion strategy. BLOM posted the highest Return on ... read more
During the Ordinary General Assembly of Byblos Bank S.A.L held on the 26th of April 2016, the distribution of dividends for the year 2015 was agreed upon as follows: For common shareholders: LBP 200 or ... read more
According to data from the Lebanese customs, Lebanon’s trade deficit reached $3.99B in the first quarter of 2016 (Q1 2016), up by 16% from the $3.43B registered in Q1 2015. Exports dropped by an annual 15% ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $94.73B by mid-April 2016, recording a 0.44% monthly increase from mid-March’s level and a 6.54% rise from mid-April ... read more
Consumer prices maintained the downward trend during the first quarter of 2016 as reflected by the Consumer Price Index (CPI) that dropped by 3.57% y-o-y in March 2016. According to the Central ... read more
Bank Audi released today its consolidated unaudited financial results for the first quarter of 2016. Despite a weak Lebanese economy and a continuing unstable regional environment, the Bank maintained its ... read more
The value of cleared checks decreased by 1.54% during the first three months of the year, illustrating lower consumption and spending. In fact, the number of checks cleared by Banque du Liban amounted to ... read more
According to E&Y’s Middle East Hotel Benchmark Survey, Beirut’s hotel occupancy rate slightly declined from 54% in Q1 2015 to 53% in Q1 2016. The downtick in Beirut’s hotel occupancy may be attributed ... read more
Rafic Hariri International Airport (RHIA) activity improved during the first quarter (Q1) of 2016, as the total number of passengers increased by a yearly 18.40% to 1.63M. In details, the number of ... read more
The board of directors of Bank of Beirut (BoB) invites its shareholders to an extraordinary general assembly at the bank’s headquarters located in downtown Beirut, Foch Street. The meeting will take place ... read more
BLOM listed shares witnessed a negative performance today on the Beirut Stock Exchange (BSE) as the stock lost 5.66% to end the session at $10.01. This mainly resulted from the ex-dividend date of BLOM ... read more
Activity at the Port of Beirut (PoB) remained resilient in the first Quarter (Q1) of 2016 as the port’s revenues recorded a double-digit yearly increase of 12.35% to $56.96M. Total container activity ... read more
During the Annual Ordinary General Assembly held on April 14th, 2016, BLOM Bank’s shareholders approved the accounts of the bank for 2015 and the distribution of dividends and returns amounting to LBP ... read more
According to Bank Audi and the Beirut Stock Exchange, Bank Audi’s shareholders convened on April 8, 2016 for an Ordinary General Assembly and declared a gross distribution of dividends as follows: To ... read more
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