After its Annual Ordinary General Assembly, held on the 12th of May 2015, BLC Bank declared dividend distribution as follows: $7/share for holders of preferred shares classes “A” and “B”, $6.75/shares for ... read more
Port of Beirut (PoB) experienced exceptional activity in the month of April as receipts surged by 10.50% year-on-year (y-o-y) to $21.47M (record high in a single month for the last 5 years). This might be ... read more
The BLOM Bond Index (BBI) went up by 0.14% to 107.41 points, as the demand for medium and long-term Lebanese Eurobonds progressed on Wednesday. The yields on the 5Y and 10Y Lebanese notes declined by 2 ... read more
Total consolidated assets of commercial banks amounted to $176.95B by March, a 0.72% growth since year start, and an improvement of 6.47% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 4 months of 2015 slipped by 0.76% year-on-year (y-o-y) to 11,418 cars ... read more
With the ongoing presidential vacuum ever present,the economic growth had its toll on Lebanon’s Balance of Payments (BoP) that recorded its largest deficit in 10 years of $850.2M in Q1, compared to a ... read more
After it was approved by the Central Council of Banque du Liban, Jammal Trust Bank S.A.L. increased its capital by LBP 5.09B from LBP 70B to LBP 75.09B, on the 4th of May 2015, through the issuance of ... read more
BEMO Bank’s board of directors invited its shareholders for an ordinary assembly that will be held at the bank’s headquarters in Riad el Solh, Beirut on May 29, 2015 at 9:00 a.m. The meeting’s agenda will ... read more
To promote the Lebanese economy and generate new job opportunities, Lebanon’s central bank, Banque du Liban (BdL), has been offering low cost incentives to the private sector through banks. In 2013, BdL ... read more
Rafic Hariri International Airport (RHIA) activity improved during the first 4 months of 2015, where the total number of passengers increased by 9.61% year-on-year (y-o-y) to 1.97M. The number of arrivals ... read more
Lebanon’s trade deficit tightened by 25.91% year-on-year (y-o-y) to $3.43B in Q1 2015 compared to $4.62B in the same period the year before. This was mainly due to the decline in the price of oil and the ... read more
According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which comprises the basic salaries, allowances and indemnities, increased by 5.39% year-on-year (y-o-y) during the first ... read more
The Central Bank’s (BDL) balance sheet exposed a minor monthly downtick of 0.03% in total assets to $88.81B by End-April 2015. Foreign assets, constituting 42.41% of total assets, inched down by 1.94% to ... read more
Byblos Bank’s net profits grew 6.67% year-on-year (y-o-y) to $32.76M in the first quarter (Q1) of 2015. This was due to the 12.76% increase in net interest income to $62.95M, which was partly offset by the ... read more
Bank of Beirut (BoB) ended Q1 2015 with a net profit of $40.55M, representing a 10.23% rise from the same period last year. This increase was primarily driven by the 16.45% y-o-y surge in net interest ... read more
The number of construction permits lagged behind in Q1 2015 by a yearly 23.23% to its lowest level in 6 years at 3,337 in Q1, compared to 4,347 in 2014. Noting that permits are usually issued at least 6 ... read more
BLC Bank’s board of directors invited its shareholders for an ordinary general assembly that will be held at the bank’s headquarters on May 12, 2015 at 12 pm. The meeting’s agenda will include hearings of ... read more
The value of cleared checks decreased by 4.85% during the first three months of the year, illustrating lower business spending. In fact, the number of checks cleared by Banque du Liban amounted to 3.04M ... read more
BEMO Bank recorded a net profit of $3.14M in Q1 2015 compared to $2.73M over the same period in 2014. In details, interest expense increased by 4.24% year-on-year (y-o-y) to $10.90M, outpacing the annual ... read more
In spite of the stable political condition, a 30.3% year-on-year (y-o-y) contraction in trade deficit and an improved performance in the tourism sector, Lebanon’s Balance of Payments (BoP) revealed a ... read more
After the ordinary general assembly held on the 24th of April 2015, Bank of Beirut’s (BoB) Board of Directors agreed on distributing dividends for 2014. Dividends will be paid through MidClear starting ... read more
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