Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

Fransabank to lend $150 million for energy. Bank will issue ‘green’ bonds . News from Lebanon


Fransabank plans to launch a $150 million program to finance local projects in the renewable energy sector and that targets energy efficiency, said Adnan Kassar, the bank’s Chairman. “This is part of Fransabank’s Green Strategy,” he said.

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Banks required to apply the Liquidity Coverage Ratio. Decision is part of Basel III requirements. News from Lebanon


The Central Bank (BDL) has instructed banks to apply the Liquidity Coverage Ratio (LCR) on their local and overseas operations, according to a new basic circular.

The LCR, which is one of the Basel III requirements, must be calculated separat….
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European Bank, IFC will invest $100 million. Targeting capital markets, bonds, SMEs. News from Lebanon


This year, the International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) are preparing to launch investments in the financial sector.

Saad Sabra, IFC Country Head in Lebanon, Syria, and Yemen, said: “….
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Alaa Al Khawaja chairs GroupMed. Mohammed Hariri is still Chairman of Bankmed. News from Lebanon


Egypt-based Jordanian businessman Alaa Al Khawaja, who last year acquired a 42.24 percent stake in GroupMed Holding, has become the group’s Chairman.

Khawaja has replaced Mohammed Hariri who is still in his position as Chairman and General Ma….
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Circular published by BDL on new stimulus package. Interest rates slightly raised on productive sectors and some housing programs. News from Lebanon


The Central Bank (BDL) has launched a new stimulus program to subsidize housing loans and loans to the productive sectors.

BDL said in a new circular that it will subsidize up to $1 billion of loans this year. The loans denominated in lira t….
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IFC funds EIP $60 million for SMEs. To invest in 18 industrial, agriculture and trade sector companies. News from Lebanon


The EIP Levant Fund, which was established and is managed by Emerging Investment Partners (EIP), a Beirut-based private equity fund management company, has received commitments to become shareholders in its capital from the International Finance Cor….
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Banks required to submit strategic plans. To be submitted regularly to Banking Control Commission. News from Lebanon


The Central Bank’s Banking Control Commission (BCCL) has asked all banks to prepare strategic plans and related action plans, according to BCCL’s circular no 292.

The banks must update these plans at least once a year and when needed. They sh….
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Banks barred from insurance. Brokers are likely to benefit most. News from Lebanon


The Central Bank (BDL) has instructed banks and financial institutions not to engage in insurance or reinsurance activities or market and advertise insurance contracts.

Insurance companies owned by banks can continue their business operation….
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Central Bank assets rise 16 percent. Loans to financial sector double to $12.7 billion. News from Lebanon


The total assets of the Central Bank (BDL) grew to $118.3 billion at the end of 2017, rising by $15.9 billion or 16 percent compared with a year earlier, according to BDL’s data.

Deposits by the financial sector surged over the same peri….
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