Lebanon Businessnews News
 
Finance

Foreign currency operations
to be booked at market rate
There is no official reference for actual exchange value
Finance

Bank Audi absorbs private
and investment subsidiaries
Merger eliminates duplication
and reduces operating expenses
Finance

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

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

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

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

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

Raya Haffar El Hassan
Bankmed Chairperson
Michel Accad confirmed as CEO
Finance

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

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

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

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

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

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

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

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

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

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

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

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