The ongoing challenges faced by the Lebanese fiscal and economic environment prevent an accurate reflection of the crises on the financial statements. In fact, the first nine months of 2020 were marked by ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 8.47% since year-start, to reach $153.33B in September 2020. The increase was mainly due to the 24.29% rise in ... read more
Bank Audi released the financial statements of its Turkish subsidiary Odeabank which showed a slump in its Net profit from $28.9M in Q3 2018 to $3.91M in Q3 2019. In fact, the Net interest income fell by ... read more
According to the financial statements of Bank Audi’s Egyptian subsidiary, the bank’s Net profit for Q3 2019 increased by a yearly 6.52% to settle at $67.1M. The rise in profits is linked to the annual ... read more
Current Environment The current economic slowdown is taking its toll on the performance of Alpha Banks which was published by Bankdata for H1 2019. The balance sheet of the 16 Alpha Banks with deposits ... read more
Recently released un-audited financial statements of BLC Bank dated at June 30th 2019 showed a 36.22% Year-on-Year (Y-o-Y) decline in the bank’s net profits, to $12.50 million. In fact, the ... read more
The Alpha Group’s (Top Lebanese Banks with more than $2B in deposits) total assets registered an increase in 2018, in large part due to higher domestic assets. According to Bank Data, the Alpha Group’s ... read more
According to the Income Statement of Bank Audi’s Egyptian subsidiary, net profit for 2018 gained an annual 24.15% to $73.13M. The Increase in profits came on the back of the increase in bank’s operations ... read more
According to the Central Bank’s (BDL) balance sheet, total assets rose by 9.29% year-to-date (YTD) to stand at $129.24B in June 2018. In details, Foreign assets (constituting 34.17% of BDL’s total assets) ... read more
The consolidated financial statements of Byblos Bank revealed a 3.09% year-on-year (y-o-y) drop in profits to $27.85M in the first quarter of 2018 (Q1 2018). The drop in profits is mainly attributed to the ... read more
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