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
The Board of Directors (BoD) of Audi Bank called the shareholders to attend an extraordinary general assembly meeting scheduled on Thursday February 20th 2020 at 10.30am, at the bank’s headquarters in ...
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The fourth quarter of 2019 was particularly challenging for Lebanon, both externally and internally, given that October ushered in an open-ended eruption of social rioting across the country which ...
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The Central Bank’s (BDL’s) balance sheet started the year with a 0.43% year-to-date (y-t-d) uptick in its total assets which stood at $141.96B by the mid-Jan of 2020. In details, BDL foreign assets ...
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The onset of the civic protest across Lebanon on October 17th and the ensuing financial and economic repercussions, namely the imposition of capital controls, contributed to raising inflation further up ...
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Lebanon’s trade deficit narrowed in the first 11 months of the year to reach $14.81B, down by 7.79% compared to the same period in 2018. In details, the total value of imports lost an annual 2.81% to stand ...
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BLOM Bank’s extraordinary General Assembly held on January 14th approved the terms of raising the bank’s Common Equity Tier I by $261.94M through cash contributions (in USD), which is equivalent to 10% of ...
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Since October 17th, the eruption of a series of ongoing civic protests has hampered business activity across the country, coupled with ensuing bank closures and capital controls that were in turn imposed ...
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The latest data released by the Lebanese Ministry of Finance (MoF) revealed that Lebanon’s gross public debt jumped by an annual 7% to amount to $89.5B in the first eleven months of 2019. In details, debt ...
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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 ...
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BDL recently released the consolidated balance sheet of Lebanese commercial banks which revealed that the banks’ Total assets added 4.09% year-to-date (YTD), to reach $259.7B by November 2019. In fact, ...
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According to BDL’s latest monetary report, the cumulative balance of payments recorded a deficit of $3.51B by November 2019, compared to a deficit of $4B during the same period last year. In fact, BDL’s ...
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Lebanon’s cash-basis fiscal deficit narrowed from $4.73B by October 2018 to $4B by October 2019. The smaller deficit comes as a result of the 7.63% yearly decline in government spending, which outweighed ...
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The Central Bank’s (BDL’s) balance sheet ended the year with a 0.54% year-on-year (y-o-y) uptick in its total assets which stood at $141.36B by the end of 2019. In details, BDL foreign assets account ...
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Lebanon’s trade deficit narrowed in the first 10 months of the year to reach $13.51B, down by 6.25% compared to the same period in 2018. In details, the total value of imports lost an annual 1.55% to stand ...
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To our Dearest Readers and Friends of BLOMInvest Bank We sincerely Thank you for your active readership, loyal support and your follow-up with our daily and weekly publications throughout 2019. Enjoy some ...
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According to the Ministry of Finance, transfers to EDL witnessed a yearly drop of 2.86% to reach $ 717.35M in H1 2019. In details “Payments to fuel and oil gas suppliers KPC and SPC” (which grasped 99.80% ...
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The figures released by the Port of Beirut (PoB) revealed an annual slump of 13.94% in the Port’s revenues which settled at $184.6M by November 2019, compared to last year’s $214.4M. In details, Total ...
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Lebanon’s cash-basis fiscal deficit narrowed from $4.51B in the third quarter (Q3) of 2018 to $3.59B in Q3 2019. The smaller deficit comes as a result of the 8.30% yearly decline in government spending, ...
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The civic protests that erupted starting October 17th across the country and the ensuing financial and economic developments negatively impacted the real estate and construction sector over the period, as ...
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On Dec. 18th 2019, Standard & Poors (S&P) Global Ratings lowered its foreign and local currency issuer-credit ratings on the three Lebanese banks: Bank Audi, Blom Bank, and Bankmed to ...
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The Board of Directors of BEMO Bank called for an extraordinary general assembly meeting on December 23, 2019 at 09.00am at the bank’s headquarters in Ashrafieh. The main items on the agenda are: To ...
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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.
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