For the month of February 2022, Lebanon experienced a steady appreciation the exchange rate in the parallel market to an average of LBP/USD 21,900. This was accompanied by the approval of a preliminary ... read more
During the month of October, the majority of politicians voted for election next March 2022 despite the president’s office refusal of holding the parliamentary elections around two months ahead of ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 4.13%, year-to-date (y-t-d), and stood at $180.28B in August 2021, according to Lebanon’s consolidated ... read more
According to the latest World Bank Lebanon Economic Monitor, “Lebanon Sinking: To the Top 3”, the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.44% compared to last year, to reach $157.42B by mid-June 2021. The increase was mainly due to the 8.08% rise ... read more
Bank Audi published today its non-audited consolidated financial results for the first quarter of 2021. The Bank said in its statement that the “persisting excessive uncertainties arising from a lasting ... read more
In the previous months, lockdown played a role in aggravating the economic and financial situation of the country; however, the easing of some measures and vaccine intake helped in reviving different ... read more
With the financial crisis and political uncertainty, Lebanese commercial banks’ health is Jeopardized. Total assets of Lebanese commercial banks decreased by 0.95%, year-to-date (y-t-d), and stood at ... read more
Byblos Bank published on Friday April 30, 2021 its un-audited financial results for Q1 2021. As expected, the results were impacted by the current crisis affecting the Lebanese economy. Net profit in Q1 ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 11.85%, year-to-date (y-t-d), to stand at $191B in October 2020.The decrease started and will likely continue ... read more
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