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. read more
On the back of BDL’s Circular No.532 (issued Nov. 04th) which instructed commercial banks in Lebanon to raise their Capital by 10% before year-end (and another 10% by end-June 2020), the Board of Directors ...
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According to the data released by the Ministry of Finance (MoF), Lebanese gross public debt increased by an annual 3.6% to settle at $87.09B by October 2019. In details, local currency debt (denominated in ...
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In the second month following the eruption of protests in the country, the real estate (RE) sector performance remained weak, with the number and value of RE transactions recording annual slumps of 19.24% ...
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The latest statistics released by the Association of Banks (ABL) on cleared checks in the Lebanese financial system notably revealed a substantial increase in the month-on-month (MOM) and year-on-year ...
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BLOM Bank’s Board of Directors convened on Friday December 13th 2019 and decided to hold an extraordinary general assembly meeting on Tuesday January 14th 2020 at 12.00pm at the bank’s headquarters in ...
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The figures released by the Port of Beirut (PoB) showed that the Port’s revenues fell by 14.64% year-on-year (YOY) to stand at $166.5M by October 2019, down from $195.05M in the same time last year. In ...
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In its report issued on Dec. 12th 2019, Fitch Ratings explains the mounting financial pressure on Lebanon, such that, “a government debt restructuring or default is probable owing to acute political ...
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According to Moody’s rating agency, a Baseline Credit Assessment (BCA) of “Ca” instead of Caa2, is consistent with BDL’s recent December 04th Circular which basically instructed banks to pay 50% of the ...
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Civic protests erupted in the country on October 17th 2019 triggering economic and political unrest. As a result, the latest data by the Ministry of Tourism revealed the number of tourists in the month of ...
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Lebanon’s trade deficit narrowed in the first 9 months of the year to reach $12.49B, down by 3.58% compared to the same period in 2018. In details, the total value of imports gained an annual 0.98% to ...
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According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 5.34% year-to-date (y-t-d), to stand at $262.80B by October 2019. In details, Resident customers’ deposits (which ...
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According to the central bank’s (BDL) balance sheet, total assets recorded a downtick by 0.58% since year-start, to end the month of November 2019 at $139.78B. In details, BDL foreign assets account ...
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For a proper analysis of the changes to the Lebanese balance of payments in October 2019 to-date, it is worthy to take note of the developments on the political scene (attached to the ongoing civic protest ...
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Bank Audi released the financial statements of its Turkish subsidiary Odeabank which showed a slump in its Net profit from $28.9M in Q3 2018 to $3.91M in Q3 2019. In fact, the Net interest income fell by ...
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According to the financial statements of Bank Audi’s Egyptian subsidiary, the bank’s Net profit for Q3 2019 increased by a yearly 6.52% to settle at $67.1M. The rise in profits is linked to the annual ...
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On December 4th, Lebanon’s central bank issued circular instructing banks to lower interest rates on U.S. dollar and Lebanese pound deposits amid the critical financial situation. In details, BDL asked the ...
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The fiscal deficit (on cash basis) of Lebanon narrowed from $3.38B in the first 8 months of 2018 to $2.95B by August 2019. The reduced deficit is attributed to a 4.81% annual decline in government ...
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According to the latest data published by the Central Administration of Statistics (CAS) Average consumer prices in Lebanon rose by 2.45% year-on-year (YOY) by October 2019, compared to a rigorous rate of ...
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According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Lebanon’s 4- and 5-star hotels reached 71.60% by September 2019, compared to 63.60% during the same period last ...
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With banks closing their doors since mid-October during the protests, people preferred dealing in cash payments. In fact, the latest statistics provided by the Association of Lebanese Banks (ABL) showed ...
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The latest data released by the Ministry of Finance (MoF) revealed Lebanese gross public debt grew by a yearly 3.5% to touch $86.77B in Q3 2019. In details, domestic debt (denominated in LBP) increased by ...
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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.
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