Economic Digest

Short analyses about Lebanon’s latest economic indicators, updated on a monthly basis

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Sara Hadchiti
Economic Digest
September 3, 2020

Byblos Bank Publishes its Unaudited Financial Results for H1 2020

On the heels of publishing its audited financial results for 2019, Byblos Bank published in late August 2020 its unaudited financial results for H1 2020. Net profit for H1 2020 was down to zero, falling ... read more

Sara Hadchiti
Economic Digest
September 2, 2020

BDL Foreign Assets Down by 23.64% since the start of the year to 28.5B in August 2020

According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 9.27% since year-start, to reach $154.45B in August 2020. The increase was mainly due to the 29.84% rise in ... read more

Sara Hadchiti
Economic Digest
September 1, 2020

BDL Issues a Slew of Circulars on Provisioning, Capital Retrieval, Loan Repayments, and Support to Port of Beirut Victims

The Central Bank of Lebanon (BDL) issued recently four new circulars. Circular 567 issued on 26/8/2020 asks banks to take provisions equal to 45% of their holdings of Lebanese Eurobonds; and to take 1.89% ... read more

Average Consumer Prices Rose Yearly by 49.22% by July 2020

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 July 2020 stood at ... read more

Gross Public Debt Grew Yearly by 8.9% to $93.40B in H1 2020

According to the Ministry of Finance’s (MoF) latest debt report, Lebanon’s gross public debt increased annually by 8.9% to $93.40B in H1 2020. In details, debt in local currency (denominated in LBP) stood ... read more

Lebanon’s Trade Deficit Down by 57.3% YOY at $3.6B in H1 2020

In the first half of 2020, Lebanon’s trade deficit totaled $3.59B, narrowing from the $8.41B registered in the same period last year. In fact, total imported goods retreated by 48.7% year-on-year (YOY) to ... read more

Fitch and S&P Affirmed their Ratings on Lebanon’s long- and short-term Foreign Debt

On August 20, 2020, Fitch Ratings has affirmed Lebanon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘Restricted Default’ (RD) and Long-Term Local-Currency IDR at ... read more

ESCWA: Acute Deterioration of Social Indicators in Lebanon

In a short report on Lebanon’s emerging economic and social situation, ESCWA identified four major factors that have affected the situation quite negatively: political instability, the economic and ... read more

Byblos Bank Publishes its Consolidated Financial Results for 2019

Byblos Bank published its audited consolidated financial results for end 2019. The Bank’s statement said “several dramatic factors have come together for the first time since Lebanon’s independence 75 ... read more

Total Number of Registered New Cars Plunged by 71% to 4,933 by July 2020

The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report in which it explains that “ As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages ... read more

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