Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2.49B by June 2020, compared to a deficit of $5.39B by June last year. Accordingly, Net foreign Assets (NFAs) of BDL ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 9% since year-start, to reach $154.13B in July 2020. The increase was mainly due to the 29.17% rise in gold ... read more
According to the latest figures by the Ministry of Finance (MoF), Lebanon’s fiscal deficit (cash basis) stood at $2B by May 2020, down from last year’s $2.38B. In detail, the substantial deficit is ... read more
On July 28, 2020, Moody’s Investors Service downgraded the Government of Lebanon’s issuer rating to C from Ca, and has not assigned an outlook to the rating. Moreover, the agency also downgraded ... read more
According to the Ministry of Finance’s (MoF) latest debt report, Lebanon’s gross public debt increased annually by 9.10% to $93.14B, by May 2020. In details, debt in local currency (denominated in LBP) ... read more
In the midst of the country’s ongoing political and economic crisis and the intensifying depreciation of the Lebanese Pound’s value on the parallel market, Lebanon’s inflation rate in June 2020 stood at ... read more
Port of Beirut’s latest Statistics revealed a 44.25% year-on-year (YOY) decline in its revenues to reach $56.92M in the first half (H1) of 2020, due to the sluggish activity it witnessed. Total container ... read more
According to the Ministry of Finance, transfers to EDL stood at $194.93M by February 2020, decreasing by 21.84% compared to the same period last year. This was mainly due to lower payments to KPC and ... read more
Data released by the Ministry of Finance (MoF) revealed that personnel costs witnessed yearly uptick of 0.79% to stand at $2.20B by April 2020. The increase during Jan-Apr 2020 was a result of the annual ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 7.36% since year-start, to reach $151.76B in mid-July 2020. The increase was mainly due to the 19.40% rise in ... read more
After legitimate delay approved by Banque Du Liban’s (BDL), BLOM Bank announced today its audited financial results for year 2019. The results obtained were largely as expected, and affected by the impact ... read more
The total number of cleared checks in the Lebanese financial system slumped from 5M checks in H1 2019 to 3M checks in H1 this year, as per the data published by the Association of Lebanese Banks’ (ABL). ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $92.87B by April 2020, thereby recording an annual 8.2% uptick. The increase is mainly attributed ... read more
In the first 5 months of 2020, Lebanon’s trade deficit totaled $3B, narrowing from the $7.31B registered in the same period last year. In fact, total imported goods retreated by 50.4% year-on-year (YOY) to ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report in which it explains that the industry is currently facing the “risk of closing companies of importers of ... read more
In a notable move, earlier this week, Byblos Bank announced that it has officially applied to cancel the listing and trading of its Global Depository Receipts (GDRs) on the London Stock Exchange (LSE), ... read more
Since October 2019, the financial crisis has triggered a run on the dollar deposits. In fact, customers tried to withdraw their money from their deposit accounts amid the fear that the banks might become ... read more
Despite the incremental drop in the number of RE transactions witnessed during the first 5 months of the year, the total number of transactions climbed by an annual 24% to 27,216 in H1 2020. Notably, the ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2.19B by May 2020, compared to a deficit of $5.19B by May last year. Accordingly, Net foreign Assets (NFAs) of BDL fell ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 7.54% since year-start, to reach $152B in June 2020. The increase was mainly due to the 13.94% rise in gold ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 5.97%, year-to-date (y-t-d), to stand at $203.84B in May 2020. In details, Resident customers’ deposits (which ... read more
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