Total consolidated assets of commercial banks hit $182.27B by October, a 3.74% growth since year start, and an expansion of 6.42% year-on-year (y-o-y). In terms of assets, total reserves, with a weight of ... read more
The number and value of guarantees given by Kafalat declined by 22.49% and 17.73% in the first 11 months of 2015 to 796 worth $84.97M, respectively, compared to 796 guarantees worth $103.28M by November ... read more
The Lebanese economy is a “credit economy” where the function of financial intermediation takes center stage. Up to July 2015, the totality of loans granted in the financial sector constituted 110% of GDP. ... read more
The Alpha Group’s balance sheet showed that the 4.10% annual rise in the value of loans to customers to $61.12B lifted total assets by a yearly 6.19% to $199.61B by end September. The value of the Alpha ... read more
The number and value of guarantees given by Kafalat declined by 24.32% and 17.42% in the first 10 months of 2015 to 554 worth $77.38M, respectively, compared to 732 guarantees worth $93.70M by October ... read more
Total consolidated assets of commercial banks reached $181.34B by September, a 3.21% growth since year start, and an expansion of 5.84% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
The Central Bank’s (BDL) balance sheet revealed a minor monthly uptick of 0.53% in total assets to $92.11B by End-November 2015. Foreign assets, constituting 40.97% of total assets, inched down by 1.34% to ... read more
BLC Bank witnessed a 25.56% y-o-y decline in their net income over the first three quarters of 2015 to $32.78M. Net interest income shed 29.66% to $92.18M, and net fee and commission income lost a similar ... read more
Bank of Beirut (BoB) witnessed a 12.03% annual rise in its net income over the first nine months of the year to $138.02M. This increase can be traced back to the 41.42% surge in net income from securities ... read more
BLOM Bank announced its financial results for the first three quarters of 2015. The results are quite robust, considering the slowdown in the Lebanese economy and the political troubles facing the country. ... read more
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