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Circulars issued by the Central Bank (BDL) to help private sector employers finance operating expenses and payroll as well as accessing foreign currency funding for imports have largely been ignored by local banks.
In a poll conducted by Infopro Research, banks have rejected more than 90 percent of applications from companies wishing to benefit from BDL circulars (552 and 547) that allow zero-interest loans to cover salaries and operating expenses during the Covid-19 lockdown. BDL had first issued ‘Circular 547’ allowing banks to borrow...more |
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| | | | PROPERTY FINDER | | | | | APARTMENTS FOR SALE | | | | Achrafieh.233 m2. 3 Bedroom(s), 1 Salon(s), 1 Dining room(s), 1 Living room(s), 4 Bathroom(s), 1 Maid's Room(s). $825,000 | | | | Koraytem.420 m2. 4 Bedroom(s), 2 Salon(s), 1 Dining room(s), 1 Living room(s), 6 Bathroom(s), 1 Maid's Room(s). $2,000,000 | | | | Koraytem.613 m2. 4 Bedroom(s), 3 Salon(s), 1 Dining room(s), 1 Living room(s), 6 Bathroom(s), 2 Maid's Room(s). $2,600,000 | | |
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