Finance articles

Profits ‘Я’ Us

The alpha bankers had a good year. Profits for 2014 showed surprising strength by growing 9.13 percent year on year to LBP 2.8 trillion ($1.9 billion) for the 14 banks with deposits of over $2 billion each. Individual profit champions were BLOM Bank, at $29 billion the sector’s number two by assets, with $365 million,

Lamia Moubayed: At society’s service

For this month’s special report on women in the workforce, Executive chose to profile a selection of seven successful, upper managerial level, Lebanese working women. Read more profiles as they’re published here, or pick up March’s issue at newsstands in Lebanon. Lamia Moubayed, head of the Institut des Finances Basil Fuleihan (IoF), believes that there

Hayat Nader: Making it count

For this month’s special report on women in the workforce, Executive chose to profile a selection of seven successful, upper managerial level, Lebanese working women. Read more profiles as they’re published here, or pick up March’s issue at newsstands in Lebanon. “I’m very comfortable with numbers and I love to work with them,” says Hayat Nader,

Aiming for alpha

For many years Lebanon’s national tree, Cedrus libani, has been designated a beleaguered species whose numbers are lower than they should be. No such danger has ever faced our country’s premium financial species: the Lebanese bank. If there was any existential problem that our banks may have faced since national independence, it was overpopulation —

It’s hard to enter when you can’t exit

EuroMena is a series of private equity funds managed by Capital Trust Group. The latest fund, EuroMena III, launched in June 2014 and aims to provide financing to fast growing industries in the MENA region. Executive sat down with managing director Romen Mathieu and executive director Gilles de Clerck.   Since we last spoke in

Struggling to capitalize

While naturally there are incremental increases to any reputable Lebanese financial service business, 2014 did not see any developments out of the ordinary. The lack of real activity on the capital market front in Lebanon remains a barrier for the financial service industry to properly flourish, though the efforts of the Capital Markets Authority since

Stunted growth

As Lebanon’s banking sector continues to be as solid as a rock the financial sector is perhaps its deprived younger cousin. However, many financial firms and boutiques do stake it out from their headquarters in the heart of glossy downtown, adding to a space already crowded by investment units of commercial banks and financial advisory

Banking in subdued colors

Gray, when not taken as the zone between black and white but as the color of unobtrusiveness and understatement — as well as secretive sway — has long been employed to characterize issues and people related to management in general and finance in particular. This type of gray is the color of power, and it

Old problems, new restrictions

As 2014 was winding its way from present to past, the Lebanese market’s top banking buzzword was resilience. In interviews throughout the year as well as in year end conversations with Executive, bankers emphasized the resilience of the sector’s financial results in the face of a challenging environment. The numbers for 2014, as far as

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