According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $847.2M by March 2021, compared to a deficit of $1062.1M over the same period last year. Accordingly, Net foreign Assets ... read more
BLOM Bank published on 1/3/2021 its un-audited, consolidated financial results for year 2020. The results obtained were largely affected by the impact of the financial and economic crisis that has struck ... read more
The Central Bank of Lebanon (BDL) issued a new Circular 573 on 9 October 2020; an amendment to the previously issued Circular 561 on 8 June 2020. Circular 561, aims to modify several trade conditions in ... read more
The Lebanese lira registered a sharp depreciation against the US dollar (USD) on Thursday of this week as it traded at highs of LBP 3,800 in the parallel market. The heignthened demand on US bank notes by ... read more
Beirut Stock Exchange (BSE) announced that as of March 23rd 2020, an additional 188,789,011 common shares issued by Bank Audi will be listed on the BSE. In fact on March 18th 2020, Bank Audi announced the ... read more
On Dec. 18th 2019, Standard & Poors (S&P) Global Ratings lowered its foreign and local currency issuer-credit ratings on the three Lebanese banks: Bank Audi, Blom Bank, and Bankmed to ... read more
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 ... read more
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 ... read more
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 ... read more
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