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Finance

EuroMena II acquires stake in FNB
Private equity fund buys seven percent of First National Bank’s 13.2 million shares
FinanceArchive

Demining action
26,000 mines removed through BLOM’s initiative with the Mine Action Center
FinanceArchive

Lost opportunities
Adnan Kassar: Lebanon failed to seize capital flight from Arab states
FinanceArchive

BankMed announces profit for H1 2011
Net profit increases by 13 percent, assets at $11 billion
FinanceArchive

Banks back economy
Banks ready to support economy through private sector; not by debt refinancing: ABL chief
FinanceArchive

Interests on T-bills stable
Treasury bills auction generates L.L.544 billion; 5-year coupons most attractive
FinanceArchive

New investment bank
Cedrus Invest Bank to kick start with a $44 million capital, more than 30 investors
FinanceArchive

Market-weight for Byblos share
FFA revises outlook on Byblos Bank with a fair value estimate of $1.9 per share
FinanceArchive

New Eurobonds to be released
BLOM Bank and Citibank to manage issuance of $950 million in Eurobonds
FinanceArchive

Series 2011 Preferred Shares by BLOM
Value of the issuance is $200 million divided over 20 million shares
FinanceArchive

Cleared checks at end-June
Checks cleared by the Central Bank at $34.12 billion in first half of 2011
FinanceArchive

Government to refinance maturing debt
MoF seeks to swap $950 million worth of treasury bonds maturing in August
FinanceArchive

Banking sector in good ranking
Ten local banks among top 100 Arab banks; Banking sector ranks 4th in deposits
FinanceArchive

New Qatari bank in Lebanon
QNB receives approval to operate its first branch in Beirut
FinanceArchive

Banks hold 53 percent of debt
Slowdown in first half of 2011 held back deposits’ growth: ABL chairman
FinanceArchive

Money Dealers complain new measures
"Central Bank circulars limited our productivity", says Head of Money Chngers' Syndicate
FinanceArchive

Authorized insurance brokers
Ministry of Economy: 427 independent brokers and 1,129 agents
FinanceArchive

What twenty billion?
Syrian deposits in local banks do not exceed $3 billion: Makram Sader
FinanceArchive

Insurance premiums at $1.1 billion
Swiss Re: premiums accounted for 2.8 percent of GDP in 2010
FinanceArchive

Money Dealers complain
new measures
Central Bank circulars have limited productivity of money changing firms: Head of Money Changers’ Syndicate
FinanceArchive
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