On the 17th of March 2015, the general ordinary shareholders assembly of Banque De L’Industrie Et Du Travail (BIT) S.A.L convened to discuss the increase of the bank’s capital. On the 16th of September, ... read more
Total consolidated assets of commercial banks amounted to $181.62B in the first 8 months of the year, a 3.37% growth since year start, and a progression of 6.62% year-on-year (y-o-y). In terms of assets, ... read more
Trading activity weakened on the Lebanese Stock Exchange this week, which was characterized by two political dialogue sessions and a demonstration on Thursday. The BLOM Stock Index (BSI) barely changed, ... read more
During the past week of regular political dialogues it seems that investors were in a “wait and see” approach regarding demand for long term notes while medium and short term maturities saw a decline in ... read more
During the week ending September 24, 2015, broad Money M3 increased by LP 551B ($365.27M), to reach LP 183,968B ($122.04B) posting a 5.22 % yearly growth and a 3.70% y-t-d uptick. Similarly, M1 expanded by ... read more
Lebanese Forex Market: Demand for the Lebanese Pound in the Lebanese Forex market strengthened versus the Dollar during the week ending October 9, 2015 with the exchange rate moving within the peg range ... read more
Following yesterday’s protests, the Lebanese Bourse barely shifted on Friday on the back of mixed performance in the real estate sector. In fact, and even though the banking and industrial sectors ... read more
On the London Stock Exchange (LSE), BLOM Bank’s Global Depository Receipts (GDRs) were the sole Lebanese GDRs to be traded on Thursday, as 22,187 GDRs were traded at a price of $9.55, which was 0.52% lower ... read more
Demand for short-term Lebanese Eurobonds witnessed a slight improvement on Thursday, pulling the BLOM Bond Index (BBI) up by a marginal 0.02% to 104.79 points. Yields on the 5Y and 10Y Lebanese Eurobonds ... read more
At 11:30 Beirut time, the Euro was quoted at $/€ 1.1331, the equivalent of €/LBP 1,708.15, appreciating against the US Dollar by 0.47% from Thursday’s close. Better than expected jobless claims in the U.S. ... read more
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