Lebanon Businessnews News
 
Finance

Assurex loses license to credit insurance
12 insurance companies operating in the country offer credit insurance
FinanceArchive

Kafalat guarantees through May
Activity drops by 22 percent, average guarantee for loans at $136,000
FinanceArchive

ABL addresses Corporate Governance
Central Bank, IFC, ABL join efforts for a dedicated conference on July 4
FinanceArchive

BLOM Bank wins new award
Banker grants ‘Best Retail Bank in the Middle East’ award to BLOM
FinanceArchive

Lebanese- Syrian banking relations
International calls for protecting banking sector in light of crisis in Syria
FinanceArchive

SGBL buys LCB assets
SGBL’s board of directors approved acquisition unanimously, LCB’s General Assembly voted for the project by a majority of 76 percent.
FinanceArchive

Central Bank reserves up to mid June
Foreign assets see slight drop, total reserves up by $2 billion y-o-y
FinanceArchive

ABL recommends reducing lending rates
Beirut Reference Rate: 2 basis points reduction on lending in lira, 7 in dollar
FinanceArchive

Bank assets up to end-April
y-t-d total assets of commercial banks slightly rise, investment banks contract
FinanceArchive

HOLD on HOLCIM Liban shares
BLOMINVEST lowers HL target price to $16.16, $14 after capital reduction
FinanceArchive

Kafalat loan guarantees down 13 percent
Number of loan guarantees totaled 381 till April 2011
FinanceArchive

Salameh calls for a Mediterranean Development Bank
“The Mediterranean region needs capable institutions that can confront rising prices of oil and food items.”
FinanceArchive

BLOM to issue class ‘2011’ shares
BLOM Bank redeems and cancels 2004 and 2005 preferred shares
FinanceArchive

Ministry of Finance releases T-bills
Demand focused on 24M papers with an average coupon rate of 5.4 percent
FinanceArchive

Letters of credits for trade rise
Letters of credits at $5 billion for imports and $4.2 billion for exports in 2010
FinanceArchive

HOLCIM to distribute dividends
Holcim and Ciments Blancs’ shares increase
FinanceArchive

NACB freezes Libyan assets
UN stipulates that member states freeze assets controlled by Libyan regime
FinanceArchive

BSEC seals new securitization deal
BSEC successfully closes $12million bonds for ‘Istismarat’
FinanceArchive

BSEC : securitization deal for CTC
BSEC closes $9million revolving trade receivables securitization with CTC
FinanceArchive

New measures for money dealers
BDL boosts anti-money laundering and terrorism financing policies
FinanceArchive
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