The Central Bank of Lebanon recently issued Intermediate Circular #446 entitled “Financial Operations and Activities in Financial Markets”. According to the circular, Lebanese banks must register the ... read more
According to Midlcear, the Central Bank of Lebanon just approved the transformation of Lucid Investment Corporation from a financial institution into a specialized bank. According to Lucid’s website, “the ... read more
In his book “The Great Divide”, Nobel Prize winner Joseph Stiglitz highlights the idea that, in the period leading up to the 2008 financial crisis, large banks lost sight of their main function: financial ... read more
The banking industry, one of the most resilient sectors in Lebanon, is beginning to show slower growth rates, as the economic slowdown crisis is gradually spreading across the country. Banks are still ... read more
The bank’s profits were boosted by 6% year-on-year to $73.75M in the first Half (H1) of 2016, mainly due to lower provisions and higher gains generated on the financial instruments held by the bank. Byblos ... read more
As part of its efforts to spread economic and financial awareness in Lebanon, BLOMINVEST Bank is now publishing a monthly editorial in THE DAILY STAR newspaper.This month’s article tackled the ... read more
As per its latest unaudited financial statements, Bank of Beirut (BoB) recognized a yearly 7.96% rise in its Net Income, ending 2015 at a level of LBP 65.99B ($43.78M). BoB saw its net interest income ... read more
Within a Middle East mired by conflicts and amidst political deadlocks at home, the operating environment for Lebanese banks has been tough since 2011. Add to that, new anti-terrorism financing laws and ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $71.21B in February 2016, a 2.84% year-on-year (y-o-y) increase. Debt in LBP, accounting for 61.8% of total ... read more
Among the Lebanese GDRs listed on the London Stock Exchange, only BLOM’s GDR shares were traded on Tuesday. 33,434 BLOM GDRs worth $327,988, exchanged hands with the price remaining unchanged at $9.81. ... read more
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