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…
Byblos Bank Europe Welcomes the Governor of Banque du Liban in Belgium
Beirut, 6 February 2018 – Byblos Bank Chairman – General Manager Semaan Bassil and Byblos Bank Europe Chief Executive Officer Fouad Trad welcomed in Brussels the Governor of the Central Bank of Lebanon Riad Salameh on the sidelines of a forum titled “Financial and Monetary Stability, Impact on the Lebanese Economy”, organized by the Belgian…
Byblos Bank Announces 2018 Results
Byblos Bank Announces 2018 Results USD Million 2017 2018 Net Profit 170 165 Average Return on Common Equity 9.35% 8.76% Total Assets 22,661 25,000 Customer Deposits 18,002 18,467 Net Advances to Customers 5,449 5,448 Total Equity 2,160 2,203 Net Interest Margin 1.51% 1.54% Operating Expenses/Average Assets 1.06% 0.98% Cost-to-Income Ratio 50.68% 49.73% Offshore Foreign…
Byblos Bank/AUB Consumer Confidence Index: Government Stalemate Extends Stagnation of Consumer Confidence in Fourth Quarter of 2018
Systematic obstruction of government formation is key reason for loss of confidence momentum Stability of Index reflects failure of scare tactics to undermine citizens’confidence Byblos Bank Headquarters, January 24, 2019: Byblos Bank issued today the results of the Byblos Bank/AUB Consumer Confidence Index for the fourth quarter of 2018. The results show that…
Byblos Bank and European Investment Bank Sign 5th Loan Agreement
Byblos Bank Headquarters, Tuesday 22 January, 2019: Byblos Bank and the European Investment Bank (EIB) have signed a loan agreement under which EUR 200 million will be made available to small and medium-sized enterprises (SMEs) and mid-cap companies in Lebanon. The agreement was signed by Semaan Bassil, Chairman – General Manager of Byblos Bank,…
Byblos Bank stresses unity in Independence Day campaign
Beirut, 23 November 2018 – Byblos Bank has launched an Independence Day campaign that emphasizes the unifying power of Lebanon’s national anthem, honoring its traditional focus on what unites and should unite the Lebanese people as we mark the 75th anniversary of our country’s independence. Byblos Bank strongly believes that the anthem is a…