The Lebanese Central Bank’s gross foreign currency reserves grew 5.3 percent or $1.63 billion to $32.24 billion in 2011, their slowest growth pace since 2007.
Posts Tagged ‘Banks’
Byblos Bank net profits fall by 8.57 percent !
November 1st, 2011 
admin 
Byblos Bank’s net profits fell by 8.57 percent in the third quarter of this year to LL66.5 billion ($44.3 million) compared to the same period of last year. However, the net profit for the nine months ended September 2011 increased 6.2 percent to LL193.05 billion year on year.
Any salary hike will cause inflation to rise!
October 31st, 2011 admin 
BEIRUT: Central Bank Governor Riad Salameh said Friday that Lebanon’s inflation rate would climb with any wage hike, adding that a recently abandoned proposal for increasing salaries would have drive inflation up to 10 percent from the current 6 percent, in remarks cited by his office in Beirut.
Banking Hackers are hit by NSA
October 26th, 2011 admin 
The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage.
What do you think about Globalization of “Occupy” ?
October 16th, 2011 admin 
Thousands of people across the world railed against corporate power, grinding poverty and government cuts Saturday as the Occupy Wall Street movement spread to the streets of Europe, Asia and Australia — and took a particularly violent turn in Rome.
Posted in Business, Featured, News 
Tags: Banks, Billionairs, Famine, Gold, social Media, US Crisis 
No Comments »UBS Chief Grübel Resigns After Trading Loss
September 25th, 2011 admin 
Oswald Grübel resigned as chief executive of embattled Swiss bank UBS AG in the wake of a trading loss that cost the bank more than $2 billion and now has cut short the career of a giant of Switzerland’s business community.
Fransabank net profits up by 15.8 percent
September 2nd, 2011 admin 
BEIRUT: Fransabank’s consolidated net profits reached $80.3 million in the first half of 2011, up by 15.8 percent from $69.3 million in the first half of 2010.
IBL Bank net profits up by 32.1 percent
September 2nd, 2011 admin 
BEIRUT: IBL Bank’s consolidated net profits of $19.2 million in the first half of 2011, up by 32.1 percent from $14.5 million in the first half of 2010.
Lebanese, Gulf investors to launch private bank with $13 mln capital
August 29th, 2011 admin 
BEIRUT: Several Lebanese and Gulf investors, including the Doha-based Salam International Investment or SIIL, plan to launch an private bank investment in Lebanon with a $13 million capital, SIIL said at a news conference over the weekend.
