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~~Finance~~

Bank Audi is not
merging with Bankmed
Baz: “We are redeploying employees not laying them off”

Dollarization rate of loans
drops below that of deposits
First time change driven by conversions
to dollar deposits, rise in lira loans

Central Bank to banks:
Know your real client
Central Bank’s decision is part of anti-money laundering compliance

Banks OK’d to trade
in financial instruments
CMA to monitor accounts

BLC to sell Cypriot bank
to Maurice Sehnaoui
Sehnaoui to exit stake in BLC

Fidus to morph into a
specialized or private bank
Equity increased to $25 million

Berytech Fund invests in
Capital Banking Solutions
Company to expand to the Gulf

Finance Bank
under investigation
Problems to be solved within months

Raoul Nehme named
top gun at Bankmed
Second managerial change this year

$200 million financed
by European Bank
Energy and infrastructure projects are targeted

$2 billion in Eurobonds
for sale by the Central Bank
To be issued within one year

Banks to subsidize
pre-approved housing loans
Mortgages from before March 15 can benefit

Financial crimes on the rise
597 cases reported
Embezzlement is the most reported crime

Lebanese-Australian buys
five pct of Bank of Beirut
Stake acquired for $57.3 million

Government plans
$700 million bond issue
Move to unlock $4 billion in funding for infrastructure

European Bank buys
2.5 percent of Bank Audi
$65 million deal is part of support
package to the financial market

Fransabank to lend
$150 million for energy
Bank will issue ‘green’ bonds

Banks required to apply
the Liquidity Coverage Ratio
Decision is part of Basel III requirements

European Bank, IFC
will invest $100 million
Targeting capital markets, bonds, SMEs

Alaa Al Khawaja
chairs GroupMed
Mohammed Hariri is still
Chairman of Bankmed

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