Even though trading activity on the Beirut Stock Exchange (BSE) revealed substantial progress, the Lebanese bourse ended Tuesday’s session in the red as 6 out of the 11 traded stocks saw their prices ... read more
Most countries are moving financial inclusion up their reform agendas, with around 60 governments setting financial inclusion as a formal target. This year’s post-2015 Development Agenda directly puts ... read more
Following the heightening pressure on Lebanon from international entities, the Lebanese parliament finally convened last week and held its first legislative session in a year to approve several financial ... read more
The Board of Directors of Banque Libano-Francaise (BLF) decided to redeem its 1,000,000 BLF preferred shares 2010 Series 2 worth LP 10,000,000,000. These shares will be replaced by 1,000,000 common shares ... read more
The Lebanese Bourse fell from yesterday’s session, mainly due to the real estate sector illustrating a negative performance. Thus, the BLOM Stock Index (BSI) went down by 0.15% to 1,186.89 points, ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $66.57B in January 2015, 4.09% year-on-year (y-o-y) while maintaining the same amount of that of December ... read more
BLC Bank consolidated income statement revealed 43.64% yearly surge in net profits to $33.98M in September 2014. This can be mainly attributed to the 25.11% and 2.35% year-on-year rises in net interest ... read more
Banque Pharaon and Chiha announced, on the 4th of October, the sale of 80% of the bank’s shares to Raymond and Teddy Rahme of ZR Group Holding. The latter is considered a well-known player in a multitude ... read more
The banking sector continued to put in a strong performance during 2013 despite the slowdown of economic growth in Lebanon and the instability in countries where Lebanese banks are present. Although BLOM ... read more
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