Index declines 17% in second quarter amid lack of supporting measures Pick-up in demand for housing contingent on tangible and immediate measures Byblos Bank Headquarters, August 7, 2019: Byblos Bank issued today the results of the Byblos Bank Real Estate Demand Index for the second quarter of 2019. The results show that the Index posted…
Financial Results Byblos Bank Announces for First Half of 2019
BEIRUT, 29 JULY 2019: Amid a persistently challenging operating environment, Byblos Bank posted a net profit of USD 60 million in the first half of 2019, a drop of USD 7 million or 10.8% as compared to the same period of 2018. These results are explained by a sharp drop in the net interest margin…
Byblos Bank/AUB Consumer Confidence Index: Consumer Confidence slips in Second Quarter of 2019
Tax hikes and household skepticism weigh on confidence Concrete measures that raise citizens’ standard of living and economic well-being would drive household sentiment Byblos Bank Headquarters, July 25, 2019: Byblos Bank issued today the results of the Byblos Bank/AUB Consumer Confidence Index for the second quarter of 2019. The results show that the Index regressed…
Byblos Bank Inaugurates Its New Data Center The Only Uptime Institute Tier III Certified Constructed Facility in Lebanon
Beirut, 24 June 2019 – Byblos Bank announced during a press conference at its headquarters in Ashrafieh the inauguration of its new data center, the only Uptime Institute Tier III certified constructed facility in Lebanon. The Bank received this certification after a diligent assessment of all aspects of its newly constructed data center by expert…
Byblos Bank Inaugurates Its New Premises in Cyprus
Beirut, 22 May 2019 – Byblos Bank celebrated the opening of its new Cyprus Branch premises in coastal Limassol in the presence of business partners, bank managers, associates and members of the media. “Byblos Bank has been providing its quality banking services in Cyprus since 1984. With this move to a prime location, we hope…
Byblos Bank Real Estate Demand Index in First Quarter of 2019
Index up 10% in first quarter after Banque du Liban launches mortgage subsidies for 2019 Long-term pick-up in demand for housing requires comprehensive housing policy Byblos Bank Headquarters, May 06, 2019: Byblos Bank issued today the results of the Byblos Bank Real Estate Demand Index for the first quarter of 2019. The results show…
Byblos Bank awarded the “Fastest Growing Debit Cards Portfolio in 2018” by Visa
Beirut, 11 April 2019 – Byblos Bank was awarded the Fastest Growing Debit Cards Portfolio in 2018 by Visa in recognition of its outstanding performance in the card market in Lebanon. For the occasion Georges Fares, Head of Group Cards, Accounts and Bancassurance at Byblos Bank said: “We are pleased that our strategy to move…
Launch of the 2019 Byblos Bank MONEYSMART Boot Camps
Beirut, 2 April 2019 – For the third year in a row, Byblos Bank is pursuing its Financial Literacy MONEYSMART Boot Camps, targeting the youth between 20 and 25 years old. Organized by Eventa, these Boot Camps will be held throughout 2019 in Mount Lebanon, the South, the North and Beirut, as announced during an…
Byblos Bank supports local NGOs for the 7th year in a ro
Beirut, 27 March 2019: For the seventh year in a row, Byblos Bank made a donation to Lebanese non-governmental organizations (NGOs) during a ceremony held at the Bank’s headquarters in Ashrafieh. This donation of USD 52,000 is the result of an initiative through which Byblos Bank’s Commercial Banking Division asks the suppliers of its end-year…
Byblos Bank Real Estate Demand Index in Fourth Quarter of 2018
Index stagnates in fourth quarter amid absence of concrete measures to stimulate housing demand Banks’ processing of mortgages throughout the year, even though at a slower place, supported demand and limited the decline of the Index to less than 6% in 2018 Byblos Bank Headquarters, February 19, 2019: Byblos Bank issued today the results…