Retail banking activity in Lebanon was one of the few indicators to post improving activity in 2014. The number of payment cards soared by a yearly 23.2% in the first half of 2014 to hit 2.36M cards, out ... read more
BEMO Bank published its unaudited 2014 financial results revealing a yearly increase in its net profits by 74.9% to $11.17M. The progress resulted of gains in the net financial revenues that surged by ... read more
Demand for the dollar weakened over the week, as reflected by the Lebanese pound’s peg against the dollar that went up from $/LP 1,510-1,514 with a mid-price of $/LP 1,512 to $/LP 1,509-1,513 with a ... read more
Kindly find below the recently published article written by Mr. Osama Habib in the Lebanese Daily Star Newspaper: The improved performance of BLOM’s subsidiaries in the Middle East region has boosted the ... read more
The increased threat of war with Israel after recent altercations caused a decreased demand for Lebanese Eurobonds. The BLOM Bond Index (BBI) lost a weekly 0.50% to 106.85 points as yields on both medium ... read more
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
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