Economic Digest

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

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Economic Digest
February 5, 2015

BDL’s Total Assets Reached $87.13B in January 2015

The Central Bank’s (BDL) balance sheet posted a 1.67% monthly growth in total assets to $87.13B in the first month of 2015. The bank’s foreign assets ticked down slightly by 0.01% to $37.86B, below its ... read more

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Economic Digest
February 5, 2015

BLC’s Net Profit Rose to $43.25 M in 2014

The unaudited consolidated income statement of BLC Bank revealed a 2.7% increase in net profit to $43.25M by end 2014 compared to $42.11M earned in the same period last year. This rise in profit is due to ... read more

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Economic Digest
February 3, 2015

CCI Improves in December 2014 Supported by Holiday Spirit

Following a very low base reached in 2013 and trailing since 2011, ARA Marketing Research & Consultancy recently published the Consumer Confidence Index (CCI) for the month of December 2014. The latter ... read more

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Economic Digest
February 2, 2015

Byblos Bank’s Profits Stood at $175.72M by 2014

After decreasing for two years in a row, Byblos Bank’s profits reversed the downward trend, growing 12.51% compared to 2013, to stand at $175.72M by December 2014. Worth noting, Byblos outperformed Bank of ... read more

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Economic Digest
January 30, 2015

BoB Profits Reached $175.47M

Bank of Beirut (BoB) recorded a 20.65% surge in its net profits to $175.47M end of 2014. This upsurge was the result of the 13.50% and 17.03% increase in interest income and net fees and commission income ... read more

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Economic Digest
January 30, 2015

Payment Cards Reached 2.36M by June 2014

Retail banking activity in Lebanon was one of the few indicators to post improving activity in 2014. The number of payment cards soared by a yearly 23.2% in the first half of 2014 to hit 2.36M cards, out ... read more

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Economic Digest
January 30, 2015

BEMO Bank Profits Almost Doubled in 2014 at $11.17M

BEMO Bank published its unaudited 2014 financial results revealing a yearly increase in its net profits by 74.9% to $11.17M. The progress resulted of gains in the net financial revenues that surged by ... read more

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Economic Digest
January 30, 2015

Cedrus Invest Bank Boosted its Capital to $491.74M

After the approval of the Central Council of Banque du Liban, Cedrus Invest Bank boosted its capital from $51.74M to $491.74M. The capital increase will occur through the issuance of 54,250 new nominal ... read more

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Economic Digest
January 30, 2015

Lebanon’s Trade Deficit Stood at $17.19B by December

Lebanon’s trade deficit for 2014 narrowed by 0.64% year-on-year (y-o-y) to stand at $17.19B as imports during the year displayed a 3.48% decrease to offset the 15.95% reduction in exports during the same ... read more

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Economic Digest
January 30, 2015

BLOM Bank’s Profits Climbed to $365.37M

After being awarded Best Bank in Lebanon for 2014, BLOM Bank posted a 3.67% yearly surge in its net profits, to $365.37M in 2014. In details, net fees and commission income and net interest income jumped ... read more

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