As security concerns rose after the latest rounds of violence in the South of Lebanon, the Lebanese Eurobonds market saw a 0.10% decline in the BLOM Bond Index (BBI) to settle at 106.85 points. The 5Y ... read more
On the Beirut Stock Exchange, 131,656 shares worth $490,392 were traded on Friday as the BLOM Stock Index (BSI) erased some of its weekly gains during the week in a 0.40% decline to 1,170.93 points. The ... read more
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
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
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
Demand for the dollar weakened over the week, as reflected by the Lebanese pound’s peg against the dollar that went up from $/LP 1,510-1,514 with a mid-price of $/LP 1,512 to $/LP 1,509-1,513 with a ... read more
Kindly find below the recently published article written by Mr. Osama Habib in the Lebanese Daily Star Newspaper: The improved performance of BLOM’s subsidiaries in the Middle East region has boosted the ... read more
The increased threat of war with Israel after recent altercations caused a decreased demand for Lebanese Eurobonds. The BLOM Bond Index (BBI) lost a weekly 0.50% to 106.85 points as yields on both medium ... read more
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
The Beirut Stock Exchange (BSE) bounced back after 3 weeks of declines, as the banks that released their financial statements for the fourth quarter, posted sustainable growth in earnings. The BLOM Stock ... read more
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here