Economic Digest

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

Number of Real Estate Transactions Contracted by 10.91% y-o-y by April 2019

According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of RE transactions which may include one or more realties, reached 15,726 transactions by April 2019, down ... read more

Odeabank’s Net Profit Plunge in the First Quarter of 2019

Odeabank, Bank Audi’s Turkish subsidiary, released its financial statements for the first three months of 2019. The bank revealed a net profit of $0.64M, down from $12.07M recorded in Q1 last year. This ... read more

Value of Kafalat Guarantees Down to $3.53M by April 2019

According to Kafalat, the number of loan guarantees dropped from 138 guarantees by April 2018 to 30 loans by April 2019. The overall value of the guarantees also plunged from $18.19M in the same period of ... read more

Bank of Beirut Approved Distribution of its 2018 Dividends

Bank of Beirut’s (BOB) general assembly convened on May 06, 2019 at the bank’s headquarters in Beirut to approve the 2018 financial statements. BOB also declared the distribution of 2018 gross dividends, ... read more

The Number of Airport Passengers Up by a yearly 1.31% in Q1 2019

The activity at Beirut International Airport in the first quarter of the year (Q1 2019) witnessed a slight uptick, with the total number of passengers rising from 1.73M in Q1 2018 to 1.75M in Q1 2019. In ... read more

Bank BEMO’s Net Profit Up by an Annual 13.55% to $4.61M in Q1 2019

According to Bank BEMO’s unaudited consolidated financial statements, the bank’s profit for 2019’s first quarter (Q1) totaled $4.61M compared to $4.06M in the same period last year. Total assets of the ... read more

BLC’s Net Profit Down by a Yearly 37.61% to $6.47M in Q1 2019

According to the consolidated financial statements of BLC Bank, the bank’s net profit for the first three months of the year totaled $6.47M down by 37.61% year-on-year. BLC attributes to “The recent ... read more

BEMO Bank Approved the Distribution of 2018 Dividends to Preferred Shareholders

The ordinary general assembly of BEMO Bank convened on May 06, 2019 to approve the distribution of dividends to the holders of “BEMO Preferred 2013 shares” as per the details below: Gross dividends: $2.45M ... read more

Byblos Bank’s Profits Down by 3.33% y-o-y to $26.92M in Q1 2019

The consolidated financial statements of Byblos Bank revealed a 3.33% year-on-year (y-o-y) retreat in profits to $26.92M in the first quarter of 2019 (Q1 2019). The bank’s reports attribute the drop in ... read more

Bank Audi’s Net Profit Up by 6.67% to $121.68M in Q1 2019

The consolidated financial statements of Bank Audi revealed an annual increase of 6.67% in the profits of Q1 2019, which stood at $121.68M. According to the bank’s balance sheet, total assets slipped by ... read more

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Economic Digest