Banque Libano-Francaise (BLF) S.A.L increased its capital by $150M through the issuance of 1.5M non-cumulative redeemable preferred shares series 4, issue 2015. The price per share is $100, with a LBP ... read more
Total real estate transactions (local and foreign transactions) stood at 23,130, the lowest level since 2010. In fact, the number of total transactions witnessed a 17.74% yearly drop and amounted to $2.91B ... read more
On April 24, 2015, Société Generale de Banque au Liban’s shareholders met for the intention to redeem and cancel all the 10,000 Preferred Shares 2010, issued on December 30, 2009. Following Banque Du ... read more
Port of Beirut (PoB) continued to experience a bolstered activity, in the month of May as receipts surged by 12.71% year-on-year (y-o-y) to $2.23M monthly high in the last 5 years. This might be due to the ... read more
According to the released consolidated financial statements, HOLCIM recorded a net profit of $34.41M end of 2014 compared to $23.34M in 2013. Gross profit margin saw a yearly increase from 30.59% to ... read more
According to the Ministry of Industry, January’s industrial exports totaled $243.2M in January 2015, 2.4% higher than the same month in 2014 but still 11.8% below the value reached in January 2013. The ... read more
Telecommunication activity in Lebanon kept on posting improvements in 2014. In fact, and after revealing a noticeable progress in the usage of telecommunication services, Lebanon saw an advance over the ... read more
Ciments Blancs recorded net profit of $3.57M end of 2014 compared to $3.40M in 2013. This was partly on the back of, the annual 5.87% decrease in cost of sales to $8.82M while sales declined by 7.67% to ... read more
Lebanon’s trade deficit dropped by 22.29% year-on-year (y-o-y) by April 2015 to record $4.64B due to a 20.22% decrease in overall imports outpacing the 8.71% decline in total exports. This was mainly due ... read more
The number and value of guarantees given by Kafalat declined by 38.78% and 40.62%, respectively in the first 5 months of 2015 to 221 worth $32.15M, compared to 361 guarantees worth $45.21M by May 2014. The ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first five months of 2015 declined by 2.30% year-on-year (y-o-y) to 15,093 ... read more
Total consolidated assets of commercial banks registered $179.40B by April, a 2.11% growth since year start, and a progression of 6.97% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
Lebanon’s Balance of Payments (BoP) recorded a surplus of $136.0M in April, as rightly expected by BLOM INVEST bank in early May, when money supply grew by more than 0.91% in the week ending April 30. The ... read more
Rafic Hariri International Airport (RHIA) activity progressed during the first 5 months of 2015, where the total number of passengers improved by 8.93% year-on-year (y-o-y) to 2.52M, compared to a lower ... read more
The Beirut Stock Exchange witnessed a poor performance on Thursday as the BLOM Stock Index (BSI) declined by 0.18% to 1,191.45 points, narrowing its year-to-date gains to 1.81%. In the banking sector, ... read more
Following Banque du Liban’s approval on the 1st of April 2015, Credit Bank increased its capital by $25.0M through the issuance of 25,000 non-Cumulative Redeemable Preferred Shares 2015 Series 5. The ... read more
RYMCO S.A.L recorded a year end net profit of $4.28M in 2014 compared to $4.65M in 2013. This was partly on the back of, the annual 3.93% growth in sales to $175.45M which was offset by the 7.67% ... read more
The Lebanese Gross Public Debt (GPD) amounted to $69.43B (LBP 104,338B) by March 2015, broadening by 6.56% year-on-year (y-o-y) and 4.29% year-to-date (y-t-d). Hence, Lebanon’s public debt reached 145.12% ... read more
The Ordinary General Assembly of HOLCIM (Liban) SAL shareholders convened on May 28, 2015 and approved the distribution of dividends in exchange of coupon Nb. 9 shares issued on 14/05/2007. According to ... read more
Lebanon’s Central Bank’s (BdL) revealed a 1.35%monthly growth in its total assets to $90.01B in May 2015. Foreign assets, which grasped 42.87% of total assets, went up by 2.28% month-on-month to $38.59B in ... read more
Retail banking activity showed an improvement in the first three quarters of 2014, illustrated by the 20.79% year-on-year (y-o-y) surge to 2.39M in the total number of payment cards by September 2014. ... read more
Disclaimer The content of this blog is for information purposes only. The information herein has been compiled from, or based upon sources we believe to be reliable, but we do not guarantee or accept responsibility for its completeness or accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient.
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here