At 11:15 Beirut time, the Euro was quoted at €/$ 1.1476, the equivalent of €/LBP 1,730.01, depreciating by 0.17% against the US Dollar. The Euro fell against the dollar today amid expectations of positive ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $94.95B in April 2016, recording a 0.40% monthly increase from March’s 2016 level and a 6.91% rise from April 2015’s ... read more
On the Beirut Stock Exchange (BSE), the BLOM Stock Index (BSI) fell by 0.45% to 1,149.22 points following the trade of 221,670 shares worth $1,787,966. In the real estate sector, Solidere A and B shares ... read more
During Friday’s trading session on the London Stock Exchange (LSE), only 3,100 shares of Lebanese GDRs were traded. In details, BLOM’s GDR shares added 1.96% to $10.40 after the trade of 100 shares worth ... read more
The BLOM Bond Index (BBI) recorded a reading of 103.69 points, rising by 0.02% from its previous level. The yields on the Lebanese Eurobonds maturing in 5 and 10 years fell each by 1 basis point (bp) to ... read more
At 16:00 Beirut time, the Euro was quoted at €/$ 1.1558, the equivalent of €/LBP 1,742.37, appreciating by 0.25% against the US Dollar. The Euro rose against the dollar amid expectations that the Federal ... read more
During the first quarter of 2016, real estate activity witnessed a positive performance as the total number of real estate transactions rose by 14.5% y-o-y to reach 19,640. Also, the total value of these ... read more
The un-audited financial results of the three largest listed Lebanese banks (BLOM, Audi, and Byblos) for 2016 show that they have maintained their sustainable profitability, despite the continuing ... read more
As per its latest unaudited financial statements, Bank of Beirut (BoB) recognized a yearly 7.96% rise in its Net Income, ending 2015 at a level of LBP 65.99B ($43.78M). BoB saw its net interest income ... read more
by Dr. Ali Bolbol, Economic Adviser at BLOM group (PDF version available here: Macroeconomic Effects of the COLA and Salary Scale Adjustments in the Public Sector ) 1. Introduction In January 2012, ... read more
The consolidated financial statements of Byblos Bank revealed a 3.05% year-on-year (y-o-y) increase in profits to $33.76M in the first quarter of 2016 (Q1 2016). As net interest income and net fees and ... read more
According to its financial statements, BEMO Bank managed to post a 17.86% year-on-year (y-o-y) growth in its net profits to $3.70M in the first quarter (Q1) of 2016. This came as a result of the 11.52% ... read more
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