In its report issued on Dec. 12th 2019, Fitch Ratings explains the mounting financial pressure on Lebanon, such that, “a government debt restructuring Read More
According to Moody’s rating agency, a Baseline Credit Assessment (BCA) of “Ca” instead of Caa2, is consistent with BDL’s recent Read More
Civic protests erupted in the country on October 17th 2019 triggering economic and political unrest. As a result, the latest data by the Read More
Lebanon’s trade deficit narrowed in the first 9 months of the year to reach $12.49B, down by 3.58% compared to the same period Read More
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 5.34% year-to-date (y-t-d), to stand at $262.80B by October 2019. In Read More
According to the central bank’s (BDL) balance sheet, total assets recorded a downtick by 0.58% since year-start, to end the month of Read More
For a proper analysis of the changes to the Lebanese balance of payments in October 2019 to-date, it is worthy to take note Read More
Bank Audi released the financial statements of its Turkish subsidiary Odeabank which showed a slump in its Net profit from $28.9M in Read More
According to the financial statements of Bank Audi’s Egyptian subsidiary, the bank’s Net profit for Q3 2019 increased by a yearly 6.52% Read More
On December 4th, Lebanon’s central bank issued circular instructing banks to lower interest rates on U.S. dollar and Lebanese pound Read More
