BLOM Bank: Income Tax
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| Location Lebanon |
| Series ID 127272 |
| Reference LEB127272Q092024 |
| Currency code USD |
| Source Economena Analytics, BLOM Bank |
| Frequency Quarterly |
| Unit Million |
| Aggregation Period Sum |
| 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. The figures for Q2 and Q3 2020 are restated for the effect of separate presentation of profit from discontinued operations and share information. 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 3Q 2024 |
| Useful links www.blombank.com |
| Tags |
Suggested citation. Use of data is subject to Terms & Conditions BLOM Bank, BLOM Bank: Income Tax, retrieved from BRITE; https://brite.blominvestbank.com/series/BLOM-Bank-Income-Tax-127272/ |
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