The Lebanese financial crisis had some positive effects on the real estate sector. After 17 October 2019, Lebanese Banks were not able to meet clients’ withdrawals demands in foreign currency. While an ... read more
The Lebanese economy has been struggling during the first 3 months of 2019 over a stagnating economy, uncertainty around the operating environment and growing geopolitical tensions in the region. The BLOM ... read more
BLOM Bank published today its unaudited financial results for the first nine months of 2018. In a difficult environment characterized by a slowing economy and continuing political paralysis, BLOM Bank ... 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
Banque BEMO reported a 15.40% annual increase in net income to $10.32M. This increase was primarily due to a $2.72M write-back of provisions and an 11.77% y-o-y decrease in administrative expenses 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
Byblos Bank’s net profits barely grew by 0.26% year-on-year (y-o-y) to $113.08M in the first three quarters (Q3) of 2015. Worth mentioning, that the Bank reported a strong adequacy ratio, which amounted to ... read more
Solidere S.A.L, Lebanon’s leading real estate company, reported a net profit of $96.90M for FY 2014, in comparison to $39.68M for the previous year, and in line with Blominvest’s estimates. The group’s ... read more
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