Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.


Financial Markets

European Bank, IFC will invest $100 million. Targeting capital markets, bonds, SMEs. News from Lebanon


This year, the International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) are preparing to launch investments in the financial sector.

Saad Sabra, IFC Country Head in Lebanon, Syria, and Yemen, said: “….
Article details


Central Bank assets rise 16 percent. Loans to financial sector double to $12.7 billion. News from Lebanon


The total assets of the Central Bank (BDL) grew to $118.3 billion at the end of 2017, rising by $15.9 billion or 16 percent compared with a year earlier, according to BDL’s data.

Deposits by the financial sector surged over the same peri….
Article details

Emirates NBD sells 40 percent of its BoB shares. Deal valued at $39 million. News from Lebanon


Bank of Beirut (BoB) acquired more than 40 percent of Emirates NBD’s stake in the bank, valued at $39 million. It represents 2.7 percent of the bank’s equity out of a total 6.5 percent shareholding. An EMIRATES NBD is a UAE-based bank.

A sour….
Article details

Moneylenders to get same training as bankers. Central Bank circular regulatin g further ‘Comptoirs de crédit’


The Central Bank (BDL) has issued a new regulation requiring certain executives in moneylending businesses to have qualifications similar to those required by people holding comparable jobs in banks and financial institutions. The prerequisites pert….
Article details

GroupMed mulls selling shares in IPO. Khawaja completes acquisition of 42.2 percent stake


GroupMed Holding, the owner of Bankmed, is considering launching an Initial Public Offering (IPO) of its shares in the near future, said Alaa Al Khawaja, a new shareholder in the company.

Khawaja said that his acquisition of 42.24 percent sta….
Article details

BLOM redeems $200 million shares. Bank converts $27 million earnings into equity


BLOM Bank said it has redeemed and canceled 20 million preferred shares by buying them back at their issue price of $10 per share.

This operation has resulted in a decrease of $200 million in the bank’s total shareholder’s equity, which stoo….
Article details

Solidere to delist its GDRs from London Stock Exchange. Listing costs outweigh low trading volumes


Solidere said it has asked to delist its Global Depositary Receipts (GDRs) from the London Stock Exchange (LSE) effective June 29, 2017, due to low trading volumes.

Given the GDRs limited liquidity, the costs and administrative burdens are di….
Article details

Cedrus Invest Bank client implicated in insider trading. Bank not named as defendant


The United States’ Securities and Exchange Commission (SEC) has filed a legal case against unknown defenders, including a customer of Cedrus Invest Bank, on suspicions of insider trading in call options. The Cedrus client has realized a potential pr….
Article details

Royal Forex to upgrade to a financial company. Change enables it to tap into micro lending and investment funds


Royal Forex Trading has changed its name to Royal Financials as part of a move to upgrade its license from a financial brokerage firm into a financial company.

This change will enable the company to tap into the micro-loan industry and to ad….
Article details

Blog at

Up ↑