In November 2016, Parliament passed the law that states that joint-stock companies are forbidden from issuing bearer shares. Companies who already have bearer shares are compelled to replace them with ... read more
Like any other system in the world, Lebanon’s financial sector has its particularities and its vulnerabilities. While it’s good to expose and discuss the risks our financial system can encounter, it is ... read more
According to Midlcear, the Central Bank of Lebanon just approved the transformation of Lucid Investment Corporation from a financial institution into a specialized bank. According to Lucid’s website, “the ... read more
In his book “The Great Divide”, Nobel Prize winner Joseph Stiglitz highlights the idea that, in the period leading up to the 2008 financial crisis, large banks lost sight of their main function: financial ... read more
Lebanese Forex Market: The Lebanese pound’s peg against the dollar maintained the same mid-price of $/LBP 1,514 over the past week however going from last week’s range of $/LP 1,513.5 -1,514.5 to this ... read more
The word on the street has it that times are tough on the Lebanese real estate market. However, opinions vary as to how bad things are: some ponder the idea of a crash while others simply acknowledge ... read more
During the week ending May 26, broad Money M3 increased by LP 397B ($263.49M) to reach LP 189,526B ($125.72B). M3 registered a 4.77% yearly growth and a 1.57% year-to-date uptick. Likewise, M1 rose by LP ... read more
Within a Middle East mired by conflicts and amidst political deadlocks at home, the operating environment for Lebanese banks has been tough since 2011. Add to that, new anti-terrorism financing laws and ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $71.21B in February 2016, a 2.84% year-on-year (y-o-y) increase. Debt in LBP, accounting for 61.8% of total ... read more
According to the Central Bank of Lebanon, the assets of commercial banks grew by a yearly 5.86% to $185.99B in 2015. Claims on the resident private sector increased by a yearly 5.90% to $48.05B and claims ... read more
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