Cabym's Weblog

the Reference blog for financial investment in Lebanon

Archive for financial administration

Deutsche Bank: Good growth for Lebanese banks

The near-term outlook for growth of the Lebanese banking system appears strong, reflecting current buoyant economic conditions, according to research by Deutsche Bank. The research was published by Bank Audi.

“However, growth is likely to moderate somewhat over the next couple of years, as per the Bank, as GDP growth is forecast to slow to the 4-5 percent range,” the report said.
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Stock market activity at $1.8bn in first 11 months of 2010

Figures released by the Beirut Stock Exchange indicate that total trading volume reached 161 million shares in the first 11 months of 2010, constituting an increase of 62.2% from the same period last year, while aggregate turnover amounted to $1.84bn, up 86% from a turnover of $989m in the same period last year. Market capitalization decreased by 1.6% to $12.4bn in the first 11 months of 2010, of which 71% was in banking stocks and 24.8% in real estate stocks. The bourse’s activity was artificially inflated in January due to the sale of regional investment bank EFG Hermes of its entire stake in Bank Audi sal during the month. It was also boosted this year from the sale of Byblos Bank of 47.6 million common shares to the International Finance Corporation and of 13.6 million common shares to Société de Promotion et de Participation pour la Cooperation Economique S.A. (PROPARCO).
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Alpha banks see 20 percent profit rise in first nine months

Alpha banks see 20 percent profit rise in first nine monthsFinancial indicators of the top 12 banks operating in Lebanon showed moderate growth in activity in the first nine months of 2010, Bank Audi’s Lebanon Weekly Monitor, citing the alpha report issued by Bankdata Financial Services, reported.
The report stated that loans registered a substantial growth over the aforementioned period of this year, supporting earning growth in a period that witnessed relatively tough operating conditions.
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Beirut Stock Exchange

After eleven years of absence, the Beirut Stock Exchange returns with remarkable energy. Because the stock exchange will play an important role in the success of the reconstruction process, we are posting this interview with Gabriel Sehnawi, head of the stock exchange committee who is an expert in the field of financial administration.

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