No. 31



Lebanon Banks Release Flat To Negative 1H 2000 Profit Results

Despite strong growth in first half 2000 at Banque DAffaires du Liban et DOutre Mer SAL (BLOM) and a slight profit increase for the Bank of Beirut, Audi Bank and Byblos Bank have reported flat to negative profit results for the first six months of 2000 (MEES, 24 July). The two banks labored under an increase in operating expenses, a rise in income tax and the poor state of the Lebanese economy,...