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Lebanon Finance News

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

Month

July 2015

Moody’s praises banks for their high liquidity. Deposits are growth driver, but pressure on profitability, credits, and asset quality lead to negative outlo ok

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The banking system’s funding strengths are expected to remain, along with possible improvements in capitalization, said Moody’s Investors Service in a report published yesterday.

The rating agency said banks will continue to grow their stable….
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Insurance premiums will grow by 25 percent till 2017. Regional stability would find new growth opportunities for insurance companies

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Insurance premiums are expected to grow at an annual average between 20 percent and 25 percent in the upcoming two years, up from an annual average of five percent to six percent currently, according to experts in the industry.

“The insurance….
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Public debt to reach $75 billion in 2016. Public debt to reach $75 billion in 2016

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As fiscal deficit remains high, public debt is increasing at an annual average ranging between $4 billion to $5 billion, which will push it to $75 billion in 2016.

“Public debt is expected to reach this level with the continuous increase in s….
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New LL50,000 bill to be released. The special paper currency will be in circulation starting August 1

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The Central Bank (BDL) has issued a the new design for the LL50,000 paper currency, in celebration of the 70th anniversary of the Lebanese Army.

These bills, which will be put in circulation as of next month, are signed by BDL Governor, Riad ….
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Central Bank reserves stand at $39 billion. More stability of the monetary policy and currency, and more confidence in the banking sector

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The Central Bank (BDL) reserves in foreign currencies reached $38.8 billion at the end of the first half of 2015, up by around 15 percent from the same period last year, according to figures published by BDL. These reserves exceeded $39 billion in m….
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Central Bank prohibits instant money transfers. The BDL wants tighter control over the market

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The Central Bank (BDL) issued recently two intermediate circulars in order to organize money withdrawal and payment through electronic tools.

The first circular banned banking transactions through mobile or fixed tools among clients of differ….
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