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~~Finance~~

Cutthroat competition
for bank deposits in lira
Up to 15 percent for long term commitments

Home loan subsidies
will resume next year
Banks lost $90 million on subsidy halt

No bank losses
from Iraqi gang
Torbey: Assault did not result in any capital withdrawals

$1.7 billion subscribed
in investment funds
Fixed-income securities are favored

FNB subsidizes
housing loans
LL20 billion for 100 homes

Fransabank biometric card
makes pin codes obsolete
High-tech Mastercard enters local market

M1 Group denies
housing loan violations
Loans taken according to Decision no. 7835

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

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