The balance sheet of Lebanon’s commercial banks revealed that total assets grew by a yearly 7.6%, to reach $219.86B in 2017 compared to $204.31B in December 2016. In details, Reserves (47.27% of total ... read more
Business activity at the Lebanese private sector kicked off 2018 revealing a continuing recession, yet the slowest recorded in nine months. Declines in Output and New Orders were smoother in January 2018 ... read more
The BLOM Stock Index (BSI) rose by a weekly 0.91% this past week to reach 1,173.86 points on February 2, 2018. Accordingly, the market capitalization increased from $11.47B to $11.60B, this week. In fact, ... read more
According to the Association of Lebanese Banks (ABL), the total number of cleared checks slipped by 0.76% to 12.23 million (M), while the total value of checks rose by a marginal 0.28% year-on-year (y-o-y) ... read more
According to the Ministry of Finance (MoF), Lebanon’s gross public debt recorded an annual uptick of 6.46%, to reach $79.36B in the first 11 months of 2017. In details, debt in local currency, LBP, ... read more
According to Global Blue, tourist spending in Lebanon rose by a yearly 5.5% by December 2017, compared to end 2016. The rise is mainly attributed to increasing tourist spending by Syrians, Kuwaitis, and ... read more
According to the Central Administration of Statistics (CAS), average inflation increased by a yearly 4.44% by December 2017, compared to an average deflation rate of 0.78% recorded by Dec. 2016. All sub ... read more
Lebanon’s Balance of Payments (BoP) registered a $1.01 billion deficit by November 2017 compared to a $327.7 million surplus by November 2016. By November 2017, the Central Bank of Lebanon’s Net Foreign ... read more
The resignation of PM Saad Hariri on November 4 shook the Lebanese political scene. As such, depositors either transferred their savings outside the country or exchanged their LBP deposits to USD, amid the ... read more
As mirrored by a contracting PMI, the private sectors’ activity has been deteriorating in the past few years. As such, given the slow economic conditions in Lebanon, the number of loan guarantees plummeted ... read more
