Lebanon Businessnews News
 
Finance

MoF to penalize violators of income tax procedures
A two percent fine on each invoice that does not identify the revenue source
FinanceArchive

BankMed eyes further expansion in Iraq
After opening its Baghdad branch this week, the bank is looking to open in Basra
FinanceArchive

MoF to appoint private tax collection firms
Interested firms should have $3.4 million in capital or more, 100 employees, and 24 local offices
FinanceArchive

Moody’s lowers outlook on top three banks
Agency downgrades credit rating for Audi, Blom, and Byblos by one notch
FinanceArchive

Fransabank deposits rise by 13 percent
Net profits drop to $22 million in first quarter on higher provisions
FinanceArchive

Banks to start capital upgrade from end-2012
We will meet Basel III capital requirements three years before deadline: Salameh
FinanceArchive

Credit Libanais in Erbil
Bank to launch another branch in Baghdad in July
FinanceArchive

Moroccan group to acquire LIA Insurance
Bank Audi to sell 81 percent of its insurance firm to Saham Finances
FinanceArchive

Local banks' assets grow
Deposits grow slightly, reach $120 billion at end March 2012
FinanceArchive

Iraqi bank eyes Beirut expansion
Trade Bank of Iraq to focus on promoting bilateral trade
FinanceArchive

BEMO profits down by half
Bank’s assets steady at around $1.5 billion, net income dips to $1.5 million
FinanceArchive

Byblos profits inch upward
Total assets reach at $16.8 billion in first quarter
FinanceArchive

BoB pays 2011 dividends
Bank pays a total of $83.08 million to holders of common and preferred shares
FinanceArchive

No illicit funds
Salameh disputes claims of money laundering for Damascus and Tehran
FinanceArchive

Returns on Casino stock shrink
$35 pay out per share, and $143 million in revenues to the Treasury
FinanceArchive

BLOM to pay dividends
Net profits total $84 million during first quarter of 2012
FinanceArchive

Central Bank to help in US tax compliance
Salameh in talks to represent local banks in reporting US accounts
FinanceArchive

Audi raises Capital
Bank’s capital at $304 million through a new preferred shares issuing
FinanceArchive

Cross-border operations regulated
Local banks must abide by rules of their correspondents' home countries: Central Bank
FinanceArchive

Audi profits
up
Net earnings total $94 million in first quarter of 2012 despite higher provisions
FinanceArchive
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