In his book “The Great Divide”, Nobel Prize winner Joseph Stiglitz highlights the idea that, in the period leading up to the 2008 financial crisis, large banks lost sight of their main function: financial ... read more
The Lebanese Bourse registered a marginal fall this week, where the BLOM Stock Index (BSI) dropped by a weekly 0.04% to 1,217.12 points. Accordingly, market capitalization on the Beirut Stock Exchange ... read more
Bank Audi’s Turkish subsidiary, ODEA Bank, announced its results for the second quarter of 2016. As a result, the Bank’s financial statements revealed an uprise in its net profits from $6.93M in H1 2015 to ... read more
For the third week in a row, Lebanon’s stock market managed to end the week in the green. This was mirrored by the BLOM Stock Index (BSI) that rose by 0.13% from last week to reach 1,157.94 points. ... read more
After 5 out of the 7 traded stocks ended today’s session in the red, the BLOM Stock Index (BSI) recorded another loss of 0.26% to settle at 1,147.82 points. However, trading activity progressed with the ... read more
Bank Audi SAE, operating in Egypt, recorded a 58% yearly growth in its net profits to EGP 286.78M (equivalent to $32.31M). This was triggered by the 18.64% and 21.93% y-o-y increases in net interest income ... read more
Although Solidere recorded an $87.2M loss during 2015, investors’ concerns remained contained over the week with banking stocks recovering some of their previous losses that followed 2015’s dividend ... read more
According to Bank Audi and the Beirut Stock Exchange, Bank Audi’s shareholders convened on April 8, 2016 for an Ordinary General Assembly and declared a gross distribution of dividends as follows: To ... read more
Bank Audi’s Turkish subsidiary, ODEA Bank, announced its results for the year 2015. The Bank’s financial statements revealed a surge in its net profits from $121,000 in 2014 to $17.60M in 2015. This was ... read more
Bank Audi’s board of directors invited all holders of ordinary shares for an ordinary annual general assembly that will be held at the bank’s headquarters in Audi Plaza, Bab Idriss, Beirut Commercial ... read more
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