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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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$200 million financed by European Bank. Energy and infrastructure projects are targeted. News from Lebanon

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The investments made by the European Bank for Reconstruction and Development (EBRD) will reach more than $100 million in its first year of operation in Lebanon, according to Alain Pilloux, EBRD’s Vice President for Banking. The bank plans to double ….
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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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Government plans $700 million bond issue. Move to unlock $4 billion in funding for infrastructure. News from Lebanon

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The government plans to issue within one month special bonds on the local market in order to raise $700 million, said Nadim Munla, senior adviser to the Prime Minister.

This move will help the State unlock additional funding of $4 billion for….
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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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Central Bank assets rise 16 percent. Loans to financial sector double to $12.7 billion. News from Lebanon

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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

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

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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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