Home » LEBANON BRIEF » Issue January 2020 » Issue January 2020 - Week 3
BLOM Bank’s extraordinary General Assembly held on January 14th approved the terms of raising the bank’s Common Equity Tier I by $261.94M through cash contributions (in USD), which is equivalent to 10% of ... read more
Since October 17th, the eruption of a series of ongoing civic protests has hampered business activity across the country, coupled with ensuing bank closures and capital controls that were in turn imposed ... read more
The BLOM Stock Index (BSI) slumped by 2.01% to close the week at 726.4 points on January 17th 2020. Meanwhile, the Market capitalization on the Beirut Stock Exchange (BSE) fell from last week’s $7.25B to ... read more
Lebanese Forex Market The Lebanese Pound (LP) continues to be steady within the official range of $/LP 1,514 – 1,514.5 against the dollar, with a mid-price of $/LP 1,514.25 this week. The peg also ... read more
BDL’s data on money supply revealed that Broad Money (M3) declined by LBP 653B ($433M) in the week ending January 02nd 2020 to settle at LBP 201,833B ($134B), thereby registering an annual decrease of ... read more
The BLOM Bond Index (BBI), a market value-weighted index tracking the performance of the Lebanese government Eurobonds market excluding coupon payments, retreated by 1.85% to close the week on January 17 ... read more
The Central Administration of Statistics (CAS) recently published the national accounts report for 2018, which revealed that Lebanon’s real GDP growth fell by 1.9%, marking the first significant drop since ... read more