During the month of October, the majority of politicians voted for election next March 2022 despite the president’s office refusal of holding the parliamentary elections around two months ahead of ... read more
Over the past month, the resignation of Prime Minister-designate Saad Hariri had a serious impact on the local market as the US dollar rate in the parallel market exceeded LL22,000. For the near future, if ... read more
In the previous months, lockdown played a role in aggravating the economic and financial situation of the country; however, the easing of some measures and vaccine intake helped in reviving different ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 3.93% compared to last year, to reach $154.71B by end of April 2021. Reasons behind the increase include the ... read more
With the financial crisis and political uncertainty, Lebanese commercial banks’ health is Jeopardized. Total assets of Lebanese commercial banks decreased by 0.95%, year-to-date (y-t-d), and stood at ... read more
After a delay in government formation efforts, Lebanon’s economy is expected to contract further in 2021, in addition to drops in private consumption and exacerbating economic, exchange rate and debt ... read more
Along with the financial crisis and political uncertainty, Lebanese banks are continuously restrained. Total assets of Lebanese commercial banks increased by 0.05%, year-to-date (y-t-d), and stood at ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.06% compared to last year, to reach $152.22B by end of March 2021. The increase was mainly due to the 8.65% ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 9.49% since year-start, to reach $154.77B in Mid-October 2020. The increase was mainly due to the 25.76% rise ... 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 ... read more
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