The number and value of guarantees given by Kafalat declined by 28.96% and 22.79% in the first 9 months of 2015 to 476 worth $66.35M, respectively, compared to 670 guarantees worth $86.71M by September ... read more
Total consolidated assets of commercial banks amounted to $181.62B in the first 8 months of the year, a 3.37% growth since year start, and a progression of 6.62% year-on-year (y-o-y). In terms of assets, ... read more
The number and value of guarantees given by Kafalat declined by 28.81% and 23.53% in the first 8 months of 2015 to 415 worth $57.93M, respectively, compared to 583 guarantees worth $72.75M by August 2014. ... read more
Despite the tough economic and political challenges that Lebanon has been facing since 2011, the banking sector stayed hale and hearty, with assets exceeding 350% of GDP. The Alpha Group of Banks, the top ... read more
The Central Bank’s (BDL) balance sheet posted a 0.96% monthly increase in total assets to $91.47B in August 2015. Even though foreign assets, constituting 42.19% of total assets, fell by 0.57% from the ... read more
The slowdown in economic activity had its toll on new projects guaranteed by Kafalat, as the number of guarantees given dropped in the first 7 months of 2015. Kafalat’s guarantees recorded a 29.1% decline ... read more
BLOM Bank released today its consolidated and unaudited financial results for the first half of 2015. Despite a weak Lebanese economy and a continuing unstable regional environment, the Bank maintained its ... read more
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