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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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Investment Promotion

Additional $500 million in subsidized loans for 2017. Expatriates to benefit from subsidized loans

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The Central Bank (BDL) has decided to inject an additional $500 million to the stimulus package for 2017 which aims to finance productive projects and home purchases at subsidized rates, according to BDL’s intermediate circular 475.

This brin….
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€80 million BDL-subsidized energy loans at zero interest. Financing scheme by EIB and AFD through local banks

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The European Investment Bank (EIB) and Agence Française de Developpement (AFD) will provide a financing facility of €80 million ($95.8 million) through local banks to finance energy projects.

The interest rate paid by the borrowers wil….
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Saradar Bank buys half of Vitas microfinance company. Saradar aims to gain a foothold in the microfinance market

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Saradar Bank said it has acquired a 49 percent stake in microfinance company Vitas SAL, a local subsidiary of the US-based Vitas Group. The transaction was valued at around $3.7 million according to a source linked to the transaction. Both Saradar a….
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BDL to raise ceiling for industrial export soft loans. Conditions to ease in a bid to benefit SMEs

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The Central Bank (BDL) will raise the ceiling of soft loans provided by banks to finance the working capital of industrial exporters to $3 million from $2 million, according to Wael Hamdan, Director of BDL’s Financing Unit.

The decision is an….
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EIB offers $303 million in credit lines to four banks. Funds target SMEs and mid-cap companies

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The European Investment Bank (EIB) has granted credit lines to four local banks with a combined value of 265 million euros ($303 million). The funds will be used to finance small and medium enterprises (SMEs) and mid-cap companies.

The benefi….
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IM Capital launches angel investor program. Targeted investment of $300,000 in first year

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Insure and Match Capital (IM Capital), a Berytech company, has launched Seeders Masterclass for Business Angels, a one-year program to link early-stage individual angel investors and micro and small and medium enterprises (MSMEs) through a “learn an….
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