Lebanese Banks Still View Syria As Important Market
Lebanese banks can reap huge benefits from the Syrian market once a political settlement is reached in the war torn…
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Lebanese banks
World Bank Ready To Help Lebanon
The World Bank said it is willing to provide Lebanon with financial and technical assistance to help offset the…
Lebanese Banks Develop Anti-Virus System
Lebanese banks have upgraded their software security systems to block any virus designed to spy on transactions and…
Banque Misr Liban Launches Two New Branches
Banque Misr Liban has celebrated the launch of two new branches in Lebanon in the presence of Ahmed El-Semawy, the…
Lenders Expect Lebanese Banks Profits To Fall
Byblos Bank chairman François Bassil expects the combined net profits of the Lebanese banking sector to plunge by…
HSBC Cuts Audi’s Rating To ‘Neutral’
HSBC Lebanon downgraded its rating on Bank Audi’s stock to “Neutral’ from “Overweight,” but maintained its…
Barclays Lowers Lebanon’s GDP Forecast On Political Tensions
Barclays Capital revised downward its projection for real GDP growth in Lebanon to 3.1 percent in 2012 from an…
Lebanon’s Bank Audi Sells Stake In LIA To Saham
Lebanon-based Bank Audi finalized its sale Wednesday of a majority stake in its LIA unit – an estimated over-$100…
Lebanese Central Bank’s Balance Sheet Rose By 6% Since Jan.1
The Central Bank of Lebanon’s bi-weekly balance sheet reached US$74.51 billion by mid of June 2012, up by 6% from…
Citi Group: Selling Lebanese T-Bills On Syria Unrest
Citi Group said that the sell-off witnessed by Lebanese sovereign assets following clashes reflects an…
Lebanese BankMed Q1 Net Profit Up $29 Mln
Lebanese BankMed’s consolidated net profit increased to $29.1 million in the first quarter of 2012, up by 13.9%…
Lebanese Banks To Meet Basel III Regulations
Lebanese Central Bank Governor Riad Salameh said Wednesday that Lebanese banks will fully comply with Basel III…
CI Affirms Lebanon’s Byblos Bank FSR At ‘BBB-‘
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Byblos Bank-SAL's…
Heavy Demand On Dollar In Lebanon
Bankers in Lebanon have said some concerned citizens have moved to convert their Lebanese pound accounts to US…
Lebanon’s SGBL To Sell Bank of Gambia
Société Générale de Banques au Liban is eying the sale of Bank of Gambia in a deal that would be worth around $8…
Fitch Drops Blom Bank’s Support Rating At ‘5’
Fitch Ratings has affirmed and simultaneously withdrawn Blom Bank's Support Rating at '5'. The affirmation reflects…
Fitch Affirms Bank Audi Ratings At ‘B’; Outlook Stable
Fitch Ratings has affirmed Bank Audi S.A.L's (Audi)Long-term Issuer Default Rating (IDR) at 'B' with a Stable…
Fitch Affirms Lebanon’s Byblos Bank At ‘B’; Outlook Stable
Fitch Ratings has affirmed Byblos Bank's Long-term Issuer Default Rating (IDR) at 'B' with a Stable Outlook,…
Lebanon To Raise US$ 2 Bln In Eurobonds This Year
Lebanese Finance Minister Mohammad Safadi said Lebanon plans to raise US$2 billion in Eurobonds this year after…
Lebanon’s Bank BEMO Profit Drops 53%
Lebanese Bank BEMO published its unaudited financial statements early this week, reporting a 53.57 percent…
Lebanon’s Private Sector’s Loans Exceed Public Ones
Vice Governor of Central Bank of Lebanon, Saad Andari said loans to the private sector exceeded the credit line…
Bank of Beirut Profit Rises 8.5%
Bank of Beirut reported an 8.54 percent year-on-year increase in net profits at the end of the first quarter of…
Lebanon’s BLOM Bank Q1 Profit Rises 2.5%
Lebanese lender BLOM Bank’s net profits in the first quarter of 2012 surged by 2.5 percent to $84.12 million…