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Finance

Bemo to launch Iraq subsidiary in 2012
Bank plans to open a main branch in Kurdistan’s Erbil, after first Baghdad branch
FinanceArchive

Complaint unit for insurance claims
Head of ACAL urges parliament to pass on insurance law to modernize sector
FinanceArchive

New money measures
Central Bank issues new regulations for brokerage firms and financial institutions
FinanceArchive

Anwar Jammal reclaims stake from MEAB
Jammal Bank CEO buys back 16 percent of bank’s shares
FinanceArchive

Byblos’ ten-year Eurobond raises $300 million
Subscriptions to USD-denominated Eurobonds doubled the original target
FinanceArchive

Will HSBC job axe cut Lebanon?
HSBC to close three out of six branches in Lebanon, media report says
FinanceArchive

‘Alpha’ banks post $781 million profit
An increase of seven percent from first half of 2010
FinanceArchive

Insurance companies elect representatives
Merza succeeds Abraham Matossian at the Arab Insurance Federation
FinanceArchive

SLCB rebuffs US sanctions
“Our dealings are clean; we are subject to supervision of Central Bank”, bank Chairman says
FinanceArchive

IFC awards Bank of Beirut
BoB awarded ‘Best Letters of Credits Issuing Bank in MENA’
FinanceArchive

BLF launches housing loan saving plan
‘Housing Saving Plan’ offers loans with a cut-rate interest
FinanceArchive

Salameh meets banks
Central Bank would consider 100 percent exemption on reserves for housing loans
FinanceArchive

NSSF offers monthly credit to hospitals
Labor Minister: Hospitals will admit optional coverage patients
FinanceArchive

Byblos share grabs ‘market-weight’
FFA estimates fair value of Byblos share at $1.9; expects annual profits to grow by 11 percent
FinanceArchive

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
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