BLOM Bank: Loans and Advances to Related Parties at Amortized Cost
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  • BLOM Bank: Loans and Advances to Related Parties at Amortized Cost
    Location
    Lebanon
    Series ID
    127254
    Reference
    LEB127254Q122021
    Currency code
    USD
    Source
    Economena Analytics, BLOM Bank
    Frequency
    Quarterly
    Unit
    Million
    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.
    Start date
    1Q 2011
    End date
    4Q 2021
    Useful links
    www.blombank.com
    Tags
    blom
    bank
    loans
    advances
    related
    parties
    amortized
    cost
    quarterly
    blom bank
    Suggested citation. Use of data is subject to Terms & Conditions
    BLOM Bank, BLOM Bank: Loans and Advances to Related Parties at Amortized Cost, retrieved from BRITE;
    https://brite.blominvestbank.com/series/BLOM-Bank-Loans-and-Advances-to-Related-Parties-at-Amortized-Cost-127254/
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