The Board of Directors of BLC Bank call their shareholders to attend an extraordinary general assembly meeting scheduled on Thursday January 30th 2020 at 11.00am at the bank’s headquarters in Beirut. The ... read more
On the back of BDL’s Circular No.532 (issued Nov. 04th) which instructed commercial banks in Lebanon to raise their Capital by 10% before year-end (and another 10% by end-June 2020), the Board of Directors ... read more
BLOM Bank’s Board of Directors convened on Friday December 13th 2019 and decided to hold an extraordinary general assembly meeting on Tuesday January 14th 2020 at 12.00pm at the bank’s headquarters in ... read more
According to Moody’s rating agency, a Baseline Credit Assessment (BCA) of “Ca” instead of Caa2, is consistent with BDL’s recent December 04th Circular which basically instructed banks to pay 50% of the ... read more
On November 15th 2019 S&P issued a recent report in which it lowered its long-term credit ratings on Audi Bank, BLOM Bank, and Bank Med from “B-” to “CCC”. The credit agency also lowered its short-term ... read more
Current Environment The current economic slowdown is taking its toll on the performance of Alpha Banks which was published by Bankdata for H1 2019. The balance sheet of the 16 Alpha Banks with deposits ... read more
The consolidated financial statements of Byblos Bank revealed a 3.33% year-on-year (y-o-y) retreat in profits to $26.92M in the first quarter of 2019 (Q1 2019). The bank’s reports attribute the drop in ... read more
The Alpha Group’s (Top Lebanese Banks with more than $2B in deposits) total assets registered an increase in 2018, in large part due to higher domestic assets. According to Bank Data, the Alpha Group’s ... read more
BLOM Bank published today its unaudited financial results for 2018. In a difficult environment characterized by a slowing economy, higher taxes, and continuing political paralysis, BLOM Bank managed to ... read more
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