Moody’s changed the outlook of the long-term deposits of the 3 banks: Bank Audi S.A.L., BLOM Bank S.A.L. and Byblos Bank to B3 from B2. The decision was principally prompted by Moody’s downgrade of ... read more
The report analyzes and sums up the key international, regional, and domestic developments that impacted the performance of Lebanese Eurobonds in the first half of 2017. The points developed in this report ... read more
According to the Central Bank of Lebanon (BDL), total assets of commercial banks increased by 1.26% year-to-date (y-t-d) to reach a value of $206.89B. The increase in total assets was mainly due to the ... read more
On the 29th of June 2017, the ordinary general assembly of BLC Bank’s shareholders was held at the bank’s headquarters. The assembly approved 2016’s accounts and decided to distribute dividends as per the ... read more
The Alpha Group’s[1] total assets registered a sound growth in the first quarter of 2017 (Q1 2017). According to Bank Data, the Alpha Group’s total assets rose by 7.51% year-on-year to $218.78B. Domestic ... read more
According to Midclear, BLC Bank S.A.L acquired all the assets, liabilities, rights and obligations of BLC Invest S.A.L. BLC Invest has therefore been scratched off the list of banks in Lebanon and its ... read more
According to the consolidated financial statements of BLC Bank, the bank’s net profit for the first three months of the year totaled $10.52M up by 14% year-on-year. According the banks’ accompanying ... read more
According to Bank BEMO’s unaudited consolidated financial statements, the bank’s profit for the first quarter of 2017 reached $3.96M compared to $3.7 in the same period of 2016. With net interest income ... read more
According to Byblos Bank’s Consolidated Income Statement as at 31 December 2016, the bank registered a profit of $165.30M in 2016 compared to $161.48M in 2015. Net interest income and net fees and ... read more
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