Lebanon started the third quarter on a positive note. Lower imports and improving tourism activity contributed to quasi-economic stability in the private sector in addition to the signs of recovery in ... read more
In its latest World Economic Outlook of July 2022, the IMF stated that “global economy is facing an increasingly gloomy and uncertain outlook”, and perhaps, it is one of its biggest tests since the Second ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2.57B by June 2022, compared to a deficit of $1.81B over the same period last year. Accordingly, Net foreign Assets ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 5.61% to stand at $170.92B by June 2022. On the assets side, currency and deposits with Central Bank ... read more
In a report published on August 3rd, 2022, and titled “Lebanon Public Finance Review: Ponzi Finance?, the World Bank (WB) purports that “public finance in post-civil war Lebanon has been an instrument for ... read more
The Association of Car Importers in Lebanon (denoted as AIA) stated in its recent automotive report that “The continuous Downfall of New Cars Registered in Lebanon since 2018 to reach in June 2022 a ... read more
Byblos Bank published on 29/7/2022 its un-audited, consolidated financial results for end June 2022. As expected, the results were impacted by the current crisis affecting the Lebanese economy and ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 6.64% compared to last year, to reach $169.41B by end of July 2022. The increase was mainly due to the 27.75% ... read more
BLOM Bank published on 30/7/2022 its consolidated but un-audited financial results for H1 2022. The results obtained were naturally affected by the impact of the financial and economic crisis that has ... read more
According to the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 1,881,673 checks from June 2021 to 1,013,924 ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), representing the evolution of goods and services’ prices consumed by households, revealed that Lebanon’s monthly ... read more
The activity at Rafic Hariri International Airport improved remarkably in the first half of the year 2022. The number of Beirut’s International airport passengers added 77.88% and recorded 2,567,872 ... read more
On July 21, 2022, the International Finance Corporation (IIF) published a new report on Lebanon, “Lebanon: Mounting Challenges”, which analyzes the macro situation in the country and, as important, ... read more
According to Global Blue’s January to June 2022 “Globeshopper Spending” report for Lebanon, total tourist spending in Lebanon slumped by 48% by June 2022 compared to the same period in 2021. However, the ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 5.64% compared to last year, to reach $167.11B by mid of July 2022. The increase was mainly due to the 26.46% ... read more
Lebanese banking sector played a key role on the national and regional levels and outperformed even during period of economic slowdown and stagnation. However, the current crisis pushed banks into adopting ... read more
LBP Accounts % Oct 2019 Dec 2019 Dec 2020 Dec 2021 May 2022 1 Average Interest on Deposits at BDL 4.22 4.22 2.22 2.22 2.22 2 Weighted Yield on TBs 7.51 7.53 7.55 7.32 7.54 3 Weighted Lending Rate 11.12 ... read more
BOP Accounts ($million M) Q3 2020 Q3 2021 Current (1,939) (2,473.8) of which goods trade (4,350.3) (6,322.5) of which remittances 2,623.3 3,208.9 Capital and Financial* 25.1 (4,256.4) of which FDI 2,279.6 ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets followed a monthly uptick of 0.47%, first increase since December 2020 but decreased annually by 5.68% to stand at $172.93B ... read more
On July 1st, 2022, the World Bank published its country classifications by income level for 2022-2023 as based on 2021 data. In this sense, “the World Bank assigns the world’s economies to four income ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2.105B by May 2022, compared to a deficit of $1.57B over the same period last year. Accordingly, Net foreign Assets ... read more
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