Lebanon Businessnews News
 
Finance

New investment bank
$30 million initial capital, to be increased
FinanceArchive

Insurance income up
Number of issued contracts retracts in first half
FinanceArchive

‘Political Risk’ to be covered
Reinsurance firm offers coverage for
terrorism, sabotage, and war
FinanceArchive

Assets of banks still growing
Total loans to public sector
unchanged in first half at $30 billion
FinanceArchive

Syrian affiliates of local banks register net loss
Banks lose $28 million in first half down from net profits of $23 million in same period last year
FinanceArchive

Seizure of $150 million in LCB funds was preemptive
Funds were soon to be released from escrow
FinanceArchive

LCB denies Hezbollah
link and laundering charges
Funds seized related to sale and purchase
agreement of bank assets and liabilities
FinanceArchive

US seizes $150 million
from LCB assets sale
Warrant issued to seize funds connected
to Hezbollah money laundering schemes
FinanceArchive

EFG Hermes keeps ‘buy’ advice on top banks
Audi, BLOM, and Byblos exceed
expectations on profits and earnings
FinanceArchive

Credit incentives for industries on track
Authorities working on low interest loans,
longer grace periods, extended maturities
FinanceArchive

Capital inflows down
by 20 percent in H1
Bigger trade deficit and lower cash inflows
double up payments' balance deficit
FinanceArchive

New mobile phone
credit transfer service
BoB Finance introduces cross-border
mobile top-up to 50 countries
FinanceArchive

BLOM Bank results
below expectations
Q2 profits down from last year, meager
growth in assets, deposits, and loans
FinanceArchive

Independent brokers lead
in insurance sector in 2011
43 percent of premiums, 46 percent of brokerage income came from independent brokers
FinanceArchive

Contractors to benefit from BDL low interest loans
The value of such loans will be deducted from banks’ mandatory reserves
FinanceArchive

BLOM net profits up slightly
Bank achieves highest rate of return
on average equity among local banks
FinanceArchive

BDL amends rules for placements abroad
Banks can now make cross-border placements with affiliates with credit rating below ‘BBB’
FinanceArchive

Cedrus licensed to
execute trades on BSE
Bank expanding global asset management service, and raised capital to $52 million
FinanceArchive

Byblos Bank sees flat profits
Total assets and deposits in first half of the
year increase but at slower rate than in 2011
FinanceArchive

Financial markets regulator to start operating soon
Authority will seek to license foreign
firms and privatize the BSE within one year
FinanceArchive
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