Comparative Look at the Goverment and ABL Debt Sustainability Plans – A brief note

Perhaps the most important document that was prepared on the Lebanese economy in the last few months is the government’s reform plan. That does not necessarily mean that it is the best plan or the only ... read more

Byblos Bank’s Upcoming Highlights in July 2020: To De-list GDRs on LSE and to Hold its Ordinary General Assembly

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

Solidere SAL Registered a Net Profit of $49M in 2019

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

Real Estate Remained Appealing in H1 2020: Value of Transactions Up to $5.39B

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

Lebanon’s Balance of Payments Deficit at $2.19B by May 2020

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

BDL Foreign Assets Down by 11.57% since the start of the year to 33B in June 2020

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

Lebanese Commercial Banks’ Total Assets Down Year to Date by 5.97% to $203.84B in May. 2020

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

Number of Construction Permits Down by 33.73% to 1,238 by February 2020

Looking at Lebanon’s real estate activity, we infer that the number of real estate transactions in by February 2020 added 37.85% totaling 10,834 transactions. However, the upbeat figures only take into ... read more

Lebanon’s Fiscal Deficit Up by 26.90% YOY to $1.75B by April 2020

According to the latest figures by the Ministry of Finance (MoF), Lebanon’s fiscal deficit (cash basis) stood at $1.75B by April 2020, up from last year’s $1.38B. In detail, the substantial deficit is ... read more

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Economic Digest
June 29, 2020

Lebanon’s Trade Deficit Down by 50% YOY at $2.59B by April 2020

In the first 4 months of 2020, Lebanon’s trade deficit totaled $2.59B, narrowing from the $5.18B registered in the same period last year. In fact, total imported goods retreated by 41.7% year-on-year (YOY) ... read more

Cleared Checks Back on a Downtrend: Total Value at $2.6B in May 2020, Down by 38.1%YOY

Interpreting the checks dataset provided by the Association of Lebanese Banks’ (ABL) on a monthly basis reveals that the uptrend witnessed in the total value of checks early-on in 2020 began to be ... read more

Lebanon’s Inflation Rate Hit a Record-high of 56.5% in May 2020

The Central Administration of Statistics (CAS) revealed that Lebanon’s monthly inflation rate surged from 11.4% and 17.5% in Feb. and March 2020, respectively, to reach 46.6% in April and a record-high of ... read more

BLOM Bank Calls for General Assemblies on July 15th 2020

BLOM Bank’s Board of Directors (BoD) convened on June 19th 2020 and decided to hold an ordinary general assembly meeting on Wednesday July 15th 2020 at 11.00 am and an extraordinary general assembly ... read more

Civic Protests and Coronavirus Measures Slashed the Number of Tourists by 48.3%YOY in Q1 2020

The Lebanese tourism sector, a leading growth driver, took the hit in Q1 2020 as the national protests ongoing since Q4 2019 were coupled with international travel bans following the outbreak of ... read more

Solidere Announced its Expected Sales in 2020 to Total $341.9M

Solidere issued a Press Release on June 18th 2020 in which it estimates that its non-audited expected sales will total $341.9M in 2020, based on the sales deals concluded and expected throughout the year. ... read more

Public Personnel Costs Climbed by 4.2%YOY to $1.22B during Jan-Feb 2020

Data released by the Ministry of Finance (MoF) revealed that personnel costs climbed by a yearly 4.2% to stand at $1.22B during Jan./Feb.2020. Personnel costs were mainly inflated as a result of the annual ... read more

Importers of New Cars Sound the Alarm: Car Sales Drop by 74%YOY in May 2020

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

Foreign Assets at BDL Stood at $33.1B in mid-June 2020, Recording a Decline of 11.2% YTD

According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 6.6% since year-start, to reach $150.7B in mid-June 2020. The increase was mainly a result of the 26% annual ... read more

Lebanon’s Gross Public Debt Closed Q1 2020 at $92.42B, with $600M worth of Eurobonds Maturing this June

The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $92.42B by March 2020, thereby recording an annual 7.2% uptick. The increase is mainly attributed ... read more

Revenues of Port of Beirut Almost Halved by May 2020 as Port Activity Dwindled

The latest statistics on activity at the Port of Beirut revealed an annual slump of 46.7% in the revenues of the Port of Beirut (PoB) to $45.8M by May 2020. In detail, Total container activity including ... read more

The Number of Passengers at Beirut Airport More than Halved by April 2020

Tourism activity in Lebanon continued its downward trend in the first four months of 2020. Tourists were discouraged from traveling to Lebanon since the eruption of October 2019 protests which raised the ... read more

Transfers to EDL Fell yearly by 14.28% to $1.50B in 2019

According to the Ministry of Finance, transfers to EDL witnessed a yearly drop of 14.28% to reach $ 1.50B by the end of 2019. In details “Payments to fuel and oil gas suppliers KPC and SPC” (which grasped ... read more

Disclaimer
The content of this blog is for information purposes only. The information herein has been compiled from, or based upon sources we believe to be reliable, but we do not guarantee or accept responsibility for its completeness or accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient.

Lebanon’s Eurobonds Market in H1 2020 Amid Government Default

Lebanon’s Eurobonds Market in H1 2020 Amid Government Default

Governance: The Foundation of a Needed Recovery in Lebanon

Governance: The Foundation of a Needed Recovery in Lebanon

Lebanon’s Bank Deposits and Real Estate amid the Crisis

Lebanon’s Bank Deposits and Real Estate amid the Crisis

Introduction to the Economics of Dual Exchange Rates in Lebanon

Introduction to the Economics of Dual Exchange Rates in Lebanon

Contributions to Growth in the Lebanese Economy: The Need to Invigorate Domestic Sources

Contributions to Growth in the Lebanese Economy: The Need to Invigorate Domestic Sources

BLOMINVEST BANK launches BRITE, a free economic data portal for the region

BLOMINVEST BANK launches BRITE, a free economic data portal for the region

The Current State of “Wine”

The Current State of “Wine”

Comparative Look at the Goverment and ABL Debt Sustainability Plans – A brief note

Byblos Bank’s Upcoming Highlights in July 2020: To De-list GDRs on LSE and to Hold its Ordinary General Assembly

Solidere SAL Registered a Net Profit of $49M in 2019

Real Estate Remained Appealing in H1 2020: Value of Transactions Up to $5.39B

Lebanon’s Balance of Payments Deficit at $2.19B by May 2020

BDL Foreign Assets Down by 11.57% since the start of the year to 33B in June 2020

Lebanese Commercial Banks’ Total Assets Down Year to Date by 5.97% to $203.84B in May. 2020

Number of Construction Permits Down by 33.73% to 1,238 by February 2020

Lebanon’s Fiscal Deficit Up by 26.90% YOY to $1.75B by April 2020

Lebanon’s Trade Deficit Down by 50% YOY at $2.59B by April 2020

Cleared Checks Back on a Downtrend: Total Value at $2.6B in May 2020, Down by 38.1%YOY

Lebanon’s Inflation Rate Hit a Record-high of 56.5% in May 2020

BLOM Bank Calls for General Assemblies on July 15th 2020

Civic Protests and Coronavirus Measures Slashed the Number of Tourists by 48.3%YOY in Q1 2020

Solidere Announced its Expected Sales in 2020 to Total $341.9M

Public Personnel Costs Climbed by 4.2%YOY to $1.22B during Jan-Feb 2020

Importers of New Cars Sound the Alarm: Car Sales Drop by 74%YOY in May 2020

Foreign Assets at BDL Stood at $33.1B in mid-June 2020, Recording a Decline of 11.2% YTD

Lebanon’s Gross Public Debt Closed Q1 2020 at $92.42B, with $600M worth of Eurobonds Maturing this June

Revenues of Port of Beirut Almost Halved by May 2020 as Port Activity Dwindled

The Number of Passengers at Beirut Airport More than Halved by April 2020

Transfers to EDL Fell yearly by 14.28% to $1.50B in 2019

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Lebanon’s Eurobonds Market in H1 2020 Amid Government Default

Governance: The Foundation of a Needed Recovery in Lebanon

Lebanon’s Bank Deposits and Real Estate amid the Crisis

Introduction to the Economics of Dual Exchange Rates in Lebanon

Contributions to Growth in the Lebanese Economy: The Need to Invigorate Domestic Sources

BLOMINVEST BANK launches BRITE, a free economic data portal for the region

The Current State of “Wine”