BLOM Bank’s unaudited financial statements revealed a 10.93% yearly surge in net profits to $404.66M, end of 2015, driven by increases in profit at its foreign subsidiaries. Among the listed banks, BLOM ... read more
Byblos Bank announced its financial results for the year 2015 revealing a declining net profit by 8.48% year-on-year (y-o-y) to $160.60M. This was driven by declines in net fees and commissions and net ... read more
According to the Association of Lebanese Banks, gross public debt grew to $70.4B by November 2015 indicating a 5.71% increase on a year-on-year basis and a 2% monthly increase. Public debt denominated in ... read more
While demand for short and medium term Lebanese Eurobonds declined on Monday, appetite for medium long term maturities remained relatively stable. As a result, the BLOM Bond Index (BBI) ticked down by ... read more
Only three of the listed Lebanese Global Depository Receipts (GDRs) were traded on the London Stock Exchange (LSE) on Monday. 14,987 BLOM GDRs and 7,603 Solidere GDRs transactions were carried out with a ... read more
Demand for Lebanese Eurobonds weakened throughout the week amidst foreign sell off of medium and long term notes. This was illustrated by the BLOM Bond Index (BBI) which decreased by 0.79% to 103.02 ... read more
During the three weeks ending December 24, 2015, broad Money M3 increased by LP 1,925B ($1.28B) to reach LP 186,182B ($123.50B). M3 registered a 5.20% yearly growth and a 4.95% year-to-date growth. ... read more
Two out of the four listed Lebanese Global Depository Receipts (GDRs) traded on the London Stock Exchange (LSE) on Thursday. In details, 80,000 BLOM GDRs and 52,835 Audi GDRs exchanged hands on the LSE at ... read more
The BLOM Bond Index (BBI) went down by 0.18% to 103.018 points on Thursday, caused by a weakening demand for medium and long term Lebanese Eurobonds. The yields on the 5Y and 10Y Lebanese Eurobonds ... read more
At 13:52 Beirut time, the Euro was quoted at €/$ 1.0897, the equivalent of €/LBP 1,642.72, appreciating against the US Dollar by 0.30%. With no new updated releases in Europe or the U.S. today, the Euro ... read more
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