Economic Digest

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

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Economic Digest
November 1, 2014

BEMO Bank’s Profits Swell to $8.9M by September

BEMO Bank recorded a 126.95% leap in net profits to $8.9M by September 2014, up from $3.94M during the same period last year. This leap is directly related to the 31.46% year-on-year (y-o-y) rise in Net ... read more

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Economic Digest
November 1, 2014

BLC Bank’s Net Profits Increase to $33.98M by September

BLC Bank consolidated income statement revealed 43.64% yearly surge in net profits to $33.98M in September 2014. This can be mainly attributed to the 25.11% and 2.35% year-on-year rises in net interest ... read more

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Economic Digest
November 1, 2014

Byblos Bank Net Profits Slightly Fall to $112.80M by September

Bank Byblos posted a 0.68% year-on-year (y-o-y) decrease in its net profit to $112.80M by end of September 2014, even though the net interest income increased by 19.07% y–o-y to $179.80M and net fees ... read more

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Economic Digest
November 1, 2014

Bank of Beirut Calls for an Extraordinary General Assembly

Bank of Beirut S.A.L invites all shareholders to attend an Extraordinary General Meeting to be held at 3:30 p.m on Monday 17th of November, 2014 at the Bank’s Head Office located at Foch Street, Beirut ... read more

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Economic Digest
October 31, 2014

Number of Tourists Increased by 4.21% y-o-y by September

According to the Ministry of Tourism, the number of tourists visiting Lebanon by Q3 2014 has displayed a 4.21% year-on-year (y-o-y) improvement, bringing the total number up from 977,380 tourists to ... read more

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Economic Digest
October 30, 2014

Beirut Occupancy Rate Improved to 56% in September

Ernst and Young’s Middle East Hotel Benchmark Survey revealed that Beirut’s hotel occupancy rate increased by 21 percentage points (pp) year-on-year (y-o-y) to stand at 56% in September 2014. This caused ... read more

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Economic Digest
October 30, 2014

Daher Family to Sell 25% stake in Azadea Group

In light of the quickening economic growth and increasing population levels in the region have led to an inflow of investments in the consumer industry by several companies and private-equity firms. Due to ... read more

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Economic Digest
October 29, 2014

BLOM Bank Net Profits reach $269.31M by End-September 2014

BLOM Bank posted a 2.51% year-on-year (y-o-y) increase in its net profit to $269.31M by end of September 2014, leading to a 15.26% return on average equity. This can mainly be attributed to the 5.17% and ... read more

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Economic Digest
October 28, 2014

Insurance Premiums reached $804.5M in H1 2014

The consolidated results of insurance companies for H1 2014 showed that total YTD Gross Written Premium grew by 9%, during the first half (H1) of 2014, to $804.5M. Non-life insurance premium contributed a ... read more

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Economic Digest
October 27, 2014

Construction Area Authorized by Permits in Lebanon leaped by 9.04% y-o-y by September

In September, construction activity helped reverse the declining trend in construction area authorized by permits. The number of construction permits inched up 0.23% year-on-year (y-o-y) to 12,827 by ... read more

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Economic Digest