Lebanon Businessnews News
 
Finance

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

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

Alvarez & Marsal named
Central Bank forensic auditor
KPMG and Oliver Wyman
will perform financial audit
Finance

Restructuring committee
announced by Central Bank
Includes BDL and bank representatives
Finance

BDL company support
not followed by most banks
Frequent difficulty in accessing fresh funds
Finance

Exchange rate for dollar
withdrawals raised to LL3,850
Decision applies to deposits above $3,000
Finance

Alain Bifani resigns as
Director General of Finance
Second resignation from team negotiating with IMF
Finance

Suit against Credit Libanais,
two banks claims $150 million
New York complaint by Lebanese-American
couple claims Central Bank as co-conspirator
Finance

Bank deposits drop
by $25 billion since August
Dollarization hits 79 percent
a 13-year record high
Finance

Central Bank launches
currency exchange platform
Required to be used by
licensed money changers
Finance

Low-interest loans
to industrial companies
Banks will stop legal action
against defaulting manufacturers
Finance

Solidere share price doubles
compared with October 2019
Trading volume soars six times
Finance

Foreign currency access to
food, raw material importers
Ceiling of $300,000 per manufacturer
Finance

$11 billion CEDRE financing
to be cut to $6.4 billion
Reprioritization of projects and
cutting of execution period
Finance

Banks feeling shunned
offer own financial plan
Focus on avoidance of default
on internal State obligations
Finance

Banks say that they
do not need a bailout
Ready to discuss repayment
schedule with government
Finance

Sale of Bank Audi Egypt
to UAE Bank put on hold
Challenging economy in UAE
is the cause of halt
Finance

Banks Association replaces
debt restructuring advisor
GSA hired to negotiate with the government
Finance

Gov’t new banks plan
is the work of amateurs
Banking Control Commission:
It is the prerogative of the Central Bank
Finance

Salameh sees no need
to haircut bank deposits
“There has never been a haircut
on deposits anywhere”
Finance
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