The Lebanese economy has been struggling during H1 2019. The pressure has been rising to handle the large twin deficits and the very high level of public debt. The Lebanese private sector continued to ... read more
The latest data by the Association of Banks (ABL) revealed that the total value of cleared checks declined by an annual 15.8% to stand at $32.6B by July 2019. In turn, the total number of checks fell by ...
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According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of real estate (R.E) transactions which may include one or more realties, dropped by a yearly 23.54% to ...
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Odeabank, Bank Audi’s Turkish subsidiary, released its financial statements for the first half of 2019. The bank’s income statement revealed a net profit of $1.82M, down from $29.23M recorded in H1 last ...
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According to Holcim’s balance sheet as of June 2019, the company’s Total Assets dropped by 7.11% since year start, to settle at $244.63M in H1 2019. In turn, the firm’s Total equity recorded a year-to-date ...
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The financial statements of the “Societe Libanaise des Ciments Blancs” revealed a plunge in the company’s profits from $5.8M by end 2018 to $993,000 by June 2019. The contraction in profits came on the ...
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According to the central bank’s (BDL) balance sheet, total assets dropped by 7.12% year-to-date (YTD), to reach $130.59B in July 2019. In fact, the changes in the most accounts can be related to the ...
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Figures released by the Ministry of Finance (MoF) revealed that Lebanon’s gross public debt climbed by a yearly 3.4% to hit $85.73B by June 2019. The rise came on the back of increase in local currency ...
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According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 2.60% year-to-date (y-t-d) and by 9.11% year-on-year (y-o-y), to stand at $255.98B by June 2019. In details, ...
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According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit of $5.39B by June 2019 compared to $208.3M deficit recorded during the same period in 2018. In details, the ...
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According to Kafalat, the number of loan guarantees dropped from 228 guarantees by H1 2018 to 38 loans by June of this year 2019. Accordingly, the total value of issued loan guarantees also plunged from ...
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As per the consolidated financial statements of BLOM Bank, the net profit for the first half of the year stood at $238.7M amid the recent headwinds faced by the Lebanese economy, compared to $243.8M in the ...
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According to the latest figures by the Ministry of Finance (MoF), Lebanon’s cash basis -fiscal deficit fell from $2.92B by May 2018 to $2.39B in the first five months of 2019. The improvement in the ...
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Recently released un-audited financial statements of BLC Bank dated at June 30th 2019 showed a 36.22% Year-on-Year (Y-o-Y) decline in the bank’s net profits, to $12.50 million. In fact, the ...
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According to the consolidated statements of Bank of Beirut (BOB), the bank’s net profits slid by an annual 16.06% to $65.9M in H1 2019. In fact, the decline came on the back of a yearly down tick ...
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The consolidated financial statements of Bank Audi revealed a 5.66% yearly decline in its H1 2019 profits, to stand at $250.36M, of which 70.4% were generated by entities operating in Lebanon. In fact, the ...
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Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP.
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According to Bank BEMO’s unaudited consolidated financial statements, the bank’s profit for H1 2019 increased by a yearly 10% to reach $9.00M. The rise in profits is largely attributed to the yearly 22.8% ...
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The consolidated financial statements of Byblos Bank revealed a yearly down tick of 10.48% in profits to $59.9M in the first half of 2019 (H1 2019). In details, the decline in profits came on the back of a ...
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Lebanon’s average consumer prices rose by 3.26% year-on-year (y-o-y) in H1 2019 compared to an annual uptick of 6% recorded in H1 2018 according to the Central Administration of Statistics (CAS). The rise ...
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Cement deliveries decreased by an annual 33.42% by May 2019 to stand at 1.28M tons, compared to 1.92M tons by May 2018. In addition, the six-month moving average of the number of cement deliveries declined ...
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In its latest paper, titled “MENA HY: Oman or Lebanon?” published on July 23, 2019, Morgan Stanley Bank discussed the different fiscal, banking and yield curve Lebanese situation. Lebanon’s fiscal ...
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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.
