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
The Lebanese economy has been struggling during H1 2019. The pressure has been rising to handle the large twin deficits and the very high level of public debt. The Lebanese private sector continued to ... read more
Broad Money (M3) increased by LBP 174B ($115B) in the week ending July 11, 2019 to reach LBP 210,806B ($139.84B), retreating by a yearly 0.92% and 0.62% since the start of the year. In details, M1 ... read more
Lebanese Forex Market The Lebanese Pound (LP) steadied during the past week within the range of $/LP 1,514 – 1,514.5 against the dollar, with a mid-price of $/LP 1,514.25. The peg continues to be ... read more
The BLOM Stock Index (BSI) declined over the week ending Aug 02nd by 2.70% to 817.86 points, and this can be partly linked to the release of bank’s earnings this week. In addition, despite the signing off ... read more
This week, the prime minister and head of parliament signed the 2019 Lebanese draft budget, but the final legistlation was delayed as the president requested clarifications regarding Article 80 on civil ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
According to Kafalat, the number of loan guarantees dropped from 228 guarantees by H1 2018 to 38 loans by June of this year 2019. Accordingly, the total value of issued loan guarantees also plunged from ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
As per the consolidated financial statements of BLOM Bank, the net profit for the first half of the year stood at $238.7M amid the recent headwinds faced by the Lebanese economy, compared to $243.8M in the ... read more
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