For the month of February 2022, Lebanon experienced a steady appreciation the exchange rate in the parallel market to an average of LBP/USD 21,900. This was accompanied by the approval of a preliminary ... read more
BLOM Bank published on 31/1/2022 its consolidated, but un-audited, financial results for year 2021. The results obtained were naturally affected by the impact of the financial and economic crisis that has ... read more
BLOM Bank published on 31/7/2021 its un-audited, consolidated financial results for H1 2021. The results obtained were largely affected by the impact of the financial and economic crisis that has struck ... read more
The board of directors of HOLCIM (Liban) S.A.L invited the company’s shareholders to attend the general annual assembly meeting, which will be held at Le Royal Hotel on Wednesday June 19th 2019 at 10am. On ... read more
According to Holcim’s balance sheet as of December 2017, the company’s assets grew by 3.03% year-on-year to $264.3M. However, total equity declined by 3.34% year-on-year to $176.06M at the end of December ... read more
Net Profit($ mn) ROAcE (%) ROAA(%) Cost-to-Income (%) BLOM 233.53 16.66 1.54 34.36 Audi 212.83* 13.00 0.99 54.47 Byblos 66.27 7.06 0.62 56.60 * Doe not include the exceptional profits of $95.22 ... read more
As per Bank of Beirut’s (BOB) consolidated income statement, BOB’s net income climbed by 6.42% year on year (y-o-y) to $198.62M in December 2016. The higher profit is mainly attributed to the 10.83% ... read more
The banking industry, one of the most resilient sectors in Lebanon, is beginning to show slower growth rates, as the economic slowdown crisis is gradually spreading across the country. Banks are still ... read more
Although Solidere recorded an $87.2M loss during 2015, investors’ concerns remained contained over the week with banking stocks recovering some of their previous losses that followed 2015’s dividend ... 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
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