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SUBMIT NEWS

~~Finance~~

Poverty and Covid needs
earmarked for $246 million
World Bank loan to benefit 150,000 families

Banking secrecy
lifted for one year
Parliament’s decision allows forensic
audit of Central Bank and ministries

Housing Bank
resumes lending
$165 million allocated at
LL3,900 for 3,000 loans in lira

LL100,000 bill in honor of
Greater Lebanon centennial
Currency in circulation
jumps 1.5 times in first ten months

Alvarez & Marsal ends
forensic audit contract
Cites inability to obtain required
documents from the Central Bank

Raya Haffar El Hassan
Bankmed Chairperson
Michel Accad confirmed as CEO

Ministry of Finance paid
all hospital dues in arrears
Hospital owners: $260 million
outstanding didn't reach ministry

$10 billion are gone
from foreign reserves
Decline was faster than projected
and will lead to ending the peg to the dollar

Interest-free loans
given to the least needy
Ten percent of notes due
got rescheduling approval

Bank Audi to sell Jordan,
Iraq units to Capital Bank
Talks on selling Egyptian business
to restart with First Abu Dhabi Bank

Business bodies
oppose fund return ruling
First public clash between
monetary authority and private sector

Voluntary ‘Bail-in’
regulated by the Central Bank
Listing on stock exchange
mandatory introduction of perpetual bonds

Incentives to repatriate
funds transferred abroad
Central Bank asks banks to pay
higher interest, waves mandatory reserves

Foreign currency corporate
loans can't be repaid in Lira
Industrialists and traders associations
denounce Central Bank’s decision

Banks not raising capital to
be seized by Central Bank
Financial institutions are waiting for haircut decision

Housing Bank reveals loans
to fix home damages
Three percent interest over 15 years

Central Bank allows
transfers to students abroad
Funds to cover tuition and living expenses

Emirates NBD in talks
to acquire BLOM Egypt
Potential deal is part of
strategic options of Lebanese bank

Electronic money transfers
to be paid in dollar
Central Bank measure applies
to non-banking transfer companies

Banque BEMO sets $100 million
reconstruction loan program
Financing to rebuild homes,
offices, or repair equipment

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