Economic Digest

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

Rouba Chbeir
Economic Digest
August 20, 2019

Number of Total Registered New Cars Dropped by 23.6% y-o-y by July 2019

The slump in the car market persists in the first seven months of 2019, as the number of new registered “commercial” and “passenger” cars retreated from 22,245 by July 2018, to stand at 16,988 cars by July ... read more

Rouba Chbeir
Economic Digest
August 19, 2019

Value of Cleared Checks Down by 15.8%YOY to $32.6B by July 2019

The latest data by the Association of Banks (ABL) revealed that the total value of cleared checks declined by an annual 15.8% to stand at $32.6B by July 2019. In turn, the total number of checks fell by ... read more

Sara Hadchiti
Economic Digest
August 16, 2019

The Number of Real Estate Transactions Down by 23.54% y-o-y to 25,384 by July 2019

According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of real estate (R.E) transactions which may include one or more realties, dropped by a yearly 23.54% to ... read more

Rouba Chbeir
Economic Digest
August 14, 2019

Net Profit of OdeaBank Plunged to $1.82M in H1 2019

Odeabank, Bank Audi’s Turkish subsidiary, released its financial statements for the first half of 2019. The bank’s income statement revealed a net profit of $1.82M, down from $29.23M recorded in H1 last ... read more

Rouba Chbeir
Economic Digest
August 14, 2019

HOLCIM Posted a Net Loss of $1.04M in H1 2019

According to Holcim’s balance sheet as of June 2019, the company’s Total Assets dropped by 7.11% since year start, to settle at $244.63M in H1 2019. In turn, the firm’s Total equity recorded a year-to-date ... read more

Rouba Chbeir
Economic Digest
August 14, 2019

Profits of Ciments Blancs Plunged to $993,000 in H1 2019

The financial statements of the “Societe Libanaise des Ciments Blancs” revealed a plunge in the company’s profits from $5.8M by end 2018 to $993,000 by June 2019. The contraction in profits came on the ... read more

BDL’s Total Assets Dropped by 7.12% y-t-d to $130.59B by July 2019

According to the central bank’s (BDL) balance sheet, total assets dropped by 7.12% year-to-date (YTD), to reach $130.59B in July 2019. In fact, the changes in the most accounts can be related to the ... read more

Lebanon’s Gross Public Debt increased by 3.4% YoY to reach $85.73B by June 2019

Figures released by the Ministry of Finance (MoF) revealed that Lebanon’s gross public debt climbed by a yearly 3.4% to hit $85.73B by June 2019. The rise came on the back of increase in local currency ... read more

Lebanese Commercial Banks’ Total Assets Added 2.60% y-t-d to $255.98B by June 2019

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 2.60% year-to-date (y-t-d) and by 9.11% year-on-year (y-o-y), to stand at $255.98B by June 2019. In details, ... read more

Lebanon’s Balance of Payments Registered a $5.39B Deficit by June 2019

According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit of $5.39B by June 2019 compared to $208.3M deficit recorded during the same period in 2018. In details, the ... read more

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