Economic Digest

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

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Economic Digest
March 24, 2015

Gross Public Debt Rose to $66.57B y-o-y in January

According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $66.57B in January 2015, 4.09% year-on-year (y-o-y) while maintaining the same amount of that of December ... read more

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Economic Digest
March 23, 2015

Alpha Banks’ Net Profit in 2014 Improved by a Yearly 9%

The Alpha Group’s balance sheet showed that the 12% annual rise in the value of loans to customers to $59.85B lifted total assets by a yearly 10% to $194.57B in 2014. Net provisions for credit losses ... read more

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Economic Digest
March 21, 2015

Bank Audi Calls for Annual General Assembly Meeting and Announces Dividend Distribution Scheme

Bank Audi’s board of directors invited all holders of ordinary shares for an ordinary annual general assembly that will be held at the bank’s headquarters in Audi Plaza, Bab Idriss, and Beirut Commercial ... read more

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Economic Digest
March 21, 2015

First National Bank Redeemed Preferred Shares 2009 Series 1

After announcing its intention to redeem and cancel all of the issued Preferred Shares 2009 Series 1, First National Bank (FNB) executed the redemption on March 13, 2015 after holders of the mentioned ... read more

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Economic Digest
March 20, 2015

Lebanese Construction Activity Welcomed 2015 on a Negative Note

January 2015 revealed the lowest number of authorized construction permits since 2011. In fact, and according to figures released by the Orders of Engineers in Beirut and the North, construction permits ... read more

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Economic Digest
March 20, 2015

No Stock Decreased in Price on the Lebanese Bourse on Friday

The Beirut Stock Exchange (BSE) ended the week in the green, where 5 stocks increased in price, while one stock was traded with no change in price. Hence, the BLOM Stock Index (BSI) gained 0.58% to ... read more

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Economic Digest
March 20, 2015

Lebanon’s Occupancy Rate Improved to 52% by February

According to Enst & Young Middle East hotel benchmark survey, Lebanon recorded the largest year on year (y-o-y) improvement in its occupancy rate, after Egypt. Lebanon’s occupancy rate progressed 13 ... read more

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Economic Digest
March 19, 2015

ODEABANK Posted Positive Results in 2014 Following 2013’s Loss

ODEABANK, Bank Audi’s Turkish subsidiary, recorded a year end net profit of $132,443 in 2014 compared to a net loss of $52.31M witnessed in 2013. In details, interest income surged by 143.30% year-on-year ... read more

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Economic Digest
March 19, 2015

Non-Life Insurance Premiums Reveal a Slowing Growth of 5.3% in 2014

Insurance companies in Lebanon recorded a 5.3% yearly growth in the number of non-life insurance premiums during 2014, according to Al Bayan Economic Magazine. The exclusive report showed that even though ... read more

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Economic Digest
March 18, 2015

Total Real Estate Transactions Hit a 6 Year Low by February

Total real estate transactions (local and foreign transactions) hit a 6 year low by February 2015, declining 26.73% year-on-year (y-o-y) to list 7,531 total transactions worth $1.00B. Following a partial ... read more

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Economic Digest