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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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IFC

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

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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.

The….
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European Bank, IFC will invest $100 million. Targeting capital markets, bonds, SMEs. News from Lebanon

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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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IFC funds EIP $60 million for SMEs. To invest in 18 industrial, agriculture and trade sector companies. News from Lebanon

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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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IFC to invest in Bank Audi Turkey. Capital increase of $342 million will include EBRD and other investors

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Odea Bank in Turkey, a subsidiary of the Bank Audi Group, said it will increase its capital by one billion Turkish lira ($342.6 million) through subscriptions from new shareholders and its mother company. The bank had $471 million in equity at the e….
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IFC extends loan to Fransabank arm. To provide more environment friendly loans

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International Finance Corporation, member of the World Bank, signed a $7 million loan agreement with Fransabank subsidiary, the Lebanese Leasing Company (LLC).

The loan, supported by the Canadian Government, will be used in energy efficiency ….
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