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
Kindly find below the recently published article—Greece: Think Flows, Not Stocks —written by Mr. Paul Krugman, the American economist, in the New York Times: How should we think about the bargaining that ... read more
During the week ending January 15, 2015, broad Money M3 decreased by LP 1,168B ($775.08M), to reach LP 176,321B ($116.96B) with a 5.32% year-on-year growth. This was partly the result of the ... read more
Lebanon’s trade deficit for 2014 narrowed by 0.64% year-on-year (y-o-y) to stand at $17.19B as imports during the year displayed a 3.48% decrease to offset the 15.95% reduction in exports during the same ... read more
Due to the escalation of the security developments yesterday, demand for medium and long-term Lebanese Eurobonds plummeted causing a 0.40% decline in the BLOM Bond Index (BBI) to 106.97 points. The 5Y and ... read more
121,093 shares worth $910,887 were traded on Thursday on the Beirut Stock Exchange (BSE), where the BLOM Stock Index (BSI) gained a marginal 0.03% to 1,175.62 points. The real estate sector took a share of ... read more
After being awarded Best Bank in Lebanon for 2014, BLOM Bank posted a 3.67% yearly surge in its net profits, to $365.37M in 2014. In details, net fees and commission income and net interest income jumped ... read more
The Lebanese Eurobonds Market improved slightly on the back of higher demand on short-term maturities. The BLOM Bond Index (BBI) added 0.03% to 107.39 points. The 5Y and 10Y Lebanese Eurobonds yields ... read more
The Beirut Stock Exchange (BSE) bounced back, with the BLOM Stock Index (BSI) gaining 0.07% to 1,175.23 points. The real sector dominated trade on the BSE, with an 84.37% of total traded value. Solidere ... read more
According to the Ministry of Finance (MoF), “salaries, wages and related benefits” posted a slight increase of 0.14% in the first half (H1) of 2014, to $1.39B, due to higher payments related to the Mutual ... read more
Bank Audi recorded a 15.03% jump in its profits for 2014 to $350.33M, owing to the 32.15% surge in net fee and commission income to $247.22M. Operating expense also increased by 21.68% to $730.46M. The ... read more
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