Data Invest Consult first online daily issue
Maan Barazy
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TOP STORY from lebanondatamonitor.com
2.5 billion people from around the
world lack access to formal financial institutions
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Bank Of Beirut released its un-audited consolidated financial results for the first three quarters of 2012, posting a 3.42% annual increase in the group’s net profits to $ 78.67 million. The bank’s assets base grew 14.63% to $10.22 billion from $8.92 billion during the same period of 2011, assisted by a 13.06% expansion in the net loans portfolio that reached $3.42 billion, 80% of which were in foreign currencies, against $3.02 billion a year earlier. Debt instruments (including holding of Eurobonds and Treasury Bills) also augmented to a similar balance rising 17.9% to $ 3.43 billion. On the liabilities side, total deposits climbed 17.22% to $7.87 billion of which 65% were in foreign currencies, and accounted for 77% of the bank’s consolidated assets, meanwhile shareholders’ equity advanced 6.13% to $1.08 billion. |
Arab Bankers Express FATCA Fears
Bankers in countries under U.S sanction like Syrian and Sudan want to know what they can do to comply with the U.S FATCA regime. More importantly because the rules in this regard are unclear they want to know if compliance is even possible. In their comments on FATCA submitted on September 26 this year the Union of Arab Banks (UAB) raised this and other concerns about the application of the new rules on foreign account tax compliance (FATCA).
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04/06/12 ANALYSIS
More challenges weighs on private placement in Lebanon's
Banking sector (Banking
Lebanon) |
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04/06/12 FATCA Sword
of Damocles weighs on Lebanese Banking System Part One
of Two (Banking
Lebanon) |
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04/06/12 FATCA Sword
of Damocles weighs on Lebanese Banking System Part One
of Three (Banking
Lebanon) |
Editors' Choice from Data Investment Consult Lebanon Risk Monitor and Ratings datainvestconsult.com
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10/17/12 Harvard
Business review comments on Ways to Fix Banks |
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10/12/12 World
Banks press release: Seizing the Opportunity: Jobs and
Change in the Arab World Seizing the Opportunity: Jobs and Change in the Arab World |
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10/03/12 Real
estate deals in MENA drops Continuing from the trends witnessed toward the end of July 2012, real estate transactions in key MENA markets trended downwards in August 2012, owing to a seasonal slowdown and lower business activity levels due to Ramadan and Eid holidays, Kuwait Financial Center (Markaz) monthly report for September 2012 revealed . Total value transacted in all reported markets combined moved downwards in August compared to the previous month. However, on a Y-o-Y basis, both number of transactions (-40.0 perc |
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10/02/12 Transforming
Business for Tomorrow's World on Livestream.com. From new.livestream.com - October 1, 7:55 AM Watch Yale University's Corporation 2020: Transforming Business for Tomorrow's World on Livestream.com. with Pavan Sukhdev, and Patagonia's Vincent Stanley, Yvon Chouinard http://new.livestream.com/yale/Corporation2020 |
Editors' Choice from arabbankingwires.com
Arab Bankers Express FATCA Fears
Bankers in countries under U.S sanction like Syrian and Sudan want to know what they can do to comply with the U.S FATCA regime. More importantly because the rules in this regard are unclear they want to know if compliance is even possible. In their comments on FATCA submitted on September 26 this year the Union of Arab Banks (UAB) raised this and other concerns about the application of the new rules on foreign account tax compliance (FATCA).
Editors' Choice from islamicfinancearabia.com
| 10/17/12 | Arab Finance House to face downsizing ... or dissolution(Banking Lebanon) |
| 10/17/12 | From Harvard Business review : Four Ways to Fix Banks (Risk Research) |
| 10/17/12 |
 Reuters:
Turkey's debut sukuk struggles(International
Banking News) |
| 10/16/12 |
UAE
snobs FDI in banking (Banking
Emirates) |
| 10/16/12 | Growth potential of Qatari banks 'tempered by market constraints and key concerns' (Banking Qatar) |
| 07/23/12 | Press Release - Bank Audi Activity Highlights at End-June 2012 (Banking Lebanon) |
| 07/10/12 | UANI Investigation Uncovers Scheme to Artificially Support Lebanon's Sovereign Backed Securities(Banking Lebanon) |
| 07/10/12 | The Banker classifies eight Lebanese banks among top 1,000 (Banking Lebanon) |
| Market Risk |
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Demand for food & energy expected to climb 50% by 2030
and water by 40% The U.S. and global drought underscores increased long-term challenges to global food, water and energy security, as demand for food and energy each are expected to climb 50% by 2030 with the demand for water growing by 40% over the same period, potentially creating a perfect storm of interlinked challenges. INTERNATIONAL. |
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INSEAD'S 'Sci-Tech Commercialiser' earns top Innovation
Award INSEAD, the leading global business school, has received the Association of MBA’s 2012 Innovation Award for its ‘Sci-Tech Commercialiser’, |
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Investors frustrated by constrained liquidity across the
region, reveals survey The latest quarterly survey of the QFC Authority/FTSE Global Markets MENA Asset Management Survey, shows that access to liquidity is the prime concern of the region’s investors. The survey, sponsored by |
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Middle Eastern banks average cost-to-income ratio was
39.69%, down from 41.37% last year. Regional banks had the lowest cost-to-income ratios in the world. The Banker magazine's data shows Middle Eastern banks average cost-to-income ratio was 39.69%, |
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Press releases
IMF'S POLICY-SETTING PANEL
Implement Agreed Policies Now to Restore Confidence—IMF
Against a backdrop of slowing global growth and a
renewed loss of confidence, the IMF is urging policymakers to implement
policies agreed in recent months as part of efforts to rekindle growth
and spur job creation.
At the Annual Meetings in Tokyo, the IMF’s policy steering committee
called on its members to act decisively to break negative feedback loops
and restore the global economy to a path of strong, sustainable, and
balanced growth.