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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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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Saradar Bank buys half of Vitas microfinance company. Saradar aims to gain a foothold in the microfinance market


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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EuroMena buys stake in Moroccan retailer. Two funds will be launched within six months


Beirut-based EuroMena Funds has acquired a seven percent stake in Retail Holding, a Morocco-based diversified retail group for a total of 220 million Moroccan dirhams ($22.5 million), according to the Casablanca Stock Exchange.

Retail Holding….
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BLC Bank shuts down investment subsidiary. To focus more on commercial banking


BLC Bank, part of the Fransabank group, has shut down its investment subsidiary, BLC Invest.

The bank said in a statement that it is concentrating on commercial banking activities and for this reason, it has absorbed all of the assets and lia….
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Berytech Fund I exits three companies for $800,000. PayPlug, Active Identity, and Cook & Eat Lebanese


Berytech Fund I has exited three of its portfolio companies, PayPlug, Active Identity, and Cook & Eat Lebanese, at a combined price of nearly $800,000.

The venture capital fund said it divested itself from PayPlug at three times the initial i….
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Royal Forex to upgrade to a financial company. Change enables it to tap into micro lending and investment funds


Royal Forex Trading has changed its name to Royal Financials as part of a move to upgrade its license from a financial brokerage firm into a financial company.

This change will enable the company to tap into the micro-loan industry and to ad….
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Speed@BDD completes second acceleration program. Startups seek a combined $3.5 million capital


Speed@BDD has completed a three-month acceleration program for seven tech startups in which it has invested $210,000. This is the startup accelerator’s second program, with a third acceleration program in the offering.

The investment comes ….
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EIP fully acquires General Cable Egypt. Deal valued at $15 million


Emerging Investment Partners (EIP) has fully acquired General Cable Egypt, said Wassim Heneine, EIP’s Managing Director.

The agreement was closed for an undisclosed sum. According to sources close to the deal, the investment included $10 mil….
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