BLOM Bank: Cash and Balances with Central Banks - BLOM Bank Assets - Earnings - Lebanon

BLOM Bank: Cash and Balances with Central Banks

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BLOM Bank: Cash and Balances with Central Banks

Location
Lebanon

Series ID
127251

Reference
LEB127251Q062024

Currency code
USD

Source
Economena Analytics, BLOM Bank

Frequency
Quarterly

Unit
Billion

Aggregation
End of Period

Note
Unaudited. Consolidated. BLOM Bank is required to comply by all BDL circulars as stipulated in the Code of Money and Credit, especially article 208. As a result, the Bank has complied for the year 2020 accounts, by these circulars when calculating expected credit losses in accordance to the specified ratios listed in Appendix 6 of BDL circular number 44, and as amended by the intermediate circular number 567 issued by BDL on August 26th, 2020. BLOM Bank is required to comply by all BDL circulars as stipulated in the Code of Money and Credit, especially article 208. As a result, the Bank has complied for the year 2021 accounts by these circulars when calculating expected credit losses in accordance with the specified ratios listed in Appendix 6 of BDL circular number 44, and as amended by the intermediate circular number 543 issued by BDL on February 3rd, 2020. It is necessary to point out that the deteriorating economic and monetary situation in the markets, and the continued absence of agreement on an adequate financial rescue plan, make it very difficult to estimate the negative impact of the current crisis on the Financial Statements according to the International Accounting Standards. The official Lebanese Pound rate was increased from 1507.5 to 15,000 per dollar on February 1, 2023. The official Lebanese Pound rate was increased from 15,000 to 89,500 per dollar on January 1, 2024.

Start date
1Q 2011

End date
2Q 2024

Useful links
www.blombank.com

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