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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Central Bank assets rise 16 percent. Loans to financial sector double to $12.7 billion. News from Lebanon


The total assets of the Central Bank (BDL) grew to $118.3 billion at the end of 2017, rising by $15.9 billion or 16 percent compared with a year earlier, according to BDL’s data.

Deposits by the financial sector surged over the same peri….
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Additional $500 million in subsidized loans for 2017. Expatriates to benefit from subsidized loans


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


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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Moneylenders to get same training as bankers. Central Bank circular regulatin g further ‘Comptoirs de crédit’


The Central Bank (BDL) has issued a new regulation requiring certain executives in moneylending businesses to have qualifications similar to those required by people holding comparable jobs in banks and financial institutions. The prerequisites pert….
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BSL provides zero percent housing loan. Requirements: Prepayment to the bank, standing orders


BSL Bank has launched a housing loan with zero percent cost to the borrower.

Charbel Watfa, Financial Controller at the bank, said: “Customers will be required to make a prepayment of 17.5 percent of the loan if the term is 30 years, and 20 ….
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Audi writes off $191 million in Syria, Sudan investments. Positive growth in all Q3 indicators


Bank Audi announced that it has written off its investments in Syria and Sudan for an amount of $191 million. In its third quarter results report, the bank declared a 15.2 percent growth in profits over the same period of last year, to $350 million…..
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Green for Growth fund to start local operations. Fund can directly finance projects or partner with financial institutions


Green for Growth, an international fund for renewable energy and energy efficiency projects operating in Southeast Europe, European Eastern Neighborhood Region, and in the Middle East and North Africa, will start operations in the local market, acco….
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