Lebanon’s Balance of payments (BoP) deficit reached $2.17B by October 2015 compared to a lower deficit of $867.7M by October 2014. The deterioration in the BoP is mainly linked to the decline in capital ... read more
The newly released statement of income by Bank Audi’s Egyptian subsidiary revealed a 40% yearly surge in net profit from $42.84M for the period ended September 2014 to $59.87M for the period ending ... read more
The Lebanese economy is a “credit economy” where the function of financial intermediation takes center stage. Up to July 2015, the totality of loans granted in the financial sector constituted 110% of GDP. ... read more
The municipal solid waste crisis has been the main highlight of the third quarter (Q3) in Lebanon. The forceful closing of the Naameh landfill resulted in trash being piled up on the streets, with no ... read more
Despite the improving tourism activity, and the contracting trade deficit, Lebanon’s Balance of Payment (BoP) remained in the red for the first 7 months of 2015, recording a deficit of $1.32B, compared to ... read more
The Lebanese Gross Public Debt (GPD) reached $69.03B (LBP 104,582B) in H1 2015, broadening by 5.02% year-on-year (y-o-y) and 3.69% year-to-date (y-t-d). Thus, Lebanon’s public debt reached 137.94% of Gross ... read more
Total consolidated assets of commercial banks amounted to $180.08B in H1, a 2.50% growth since year start, and an improvement of 6.20% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
According to the Central Bank of Lebanon, the value of outstanding loans to the private sector rose by 0.47% since year-start to $54.17B by March 2015. The largest category of these disbursed loans is the ... read more
Total consolidated assets of commercial banks amounted to $179.03B by May, a 1.90% growth since year start, and an improvement of 6.97% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
The use of online services in the field of banking, amongst others, is gradually gaining appeal in Lebanon. In an attempt to regulate this market, the Central Bank of Lebanon recently issued Intermediate ... read more
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