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Lebanon Finance News

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

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Association of Banks in Lebanon

Banks OK’d to trade in financial instruments. CMA to monitor accounts. News from Lebanon

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The Central Bank (BDL) has reauthorized commercial banks and financial institutions to directly carry out transactions involving financial instruments on behalf of their clients, according to two new BDL circulars.

The new circulars overturn ….
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Banks to subsidize pre-approved housing loans. Mortgages from before March 15 can benefit. News from Lebanon

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The Association of Banks (ABL) said it has asked the banks to bear the subsidy costs of already approved housing loans until the end of 2018. Loans accepted by the banks and submitted to the Central Bank (BDL) before March 15, 2018 will benefit from….
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Torbey reelected Chairman of ABL. Salim Sfeir won one seat

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Joseph Torbey has been reelected as Chairman of the Association of Banks (ABL). His team won 11 out of 12 seats of ABL’s Board of Directors.

His rival Salim Sfeir won one seat at the expense of Varouj Nerguizian, Chairman of Emirates Lebanon ….
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Two lists face-off in ABL elections. Sfeir leads a ‘List for Change’ VS. Torbey’s ‘Banking Decision List’

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Salim Sfeir, Chairman of Bank of Beirut, is spearheading a list of eight bankers against the list of four-time Chairman of Association of Banks in Lebanon, Joseph Torbey.

With his “List for Change”, Sfeir promised to “carry out a series of re….
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