Lebanon Businessnews News
 
Finance

$15.5 billion drop
in total bank deposits
$11.5 billion decline
in last three months of 2019
Finance

Gross public debt
reaches $91.6 billion
Public sector has more than $10 billion
deposited in banks and Central Bank
Finance

Association of Banks
cuts lending reference rate
Interest cuts
on public debt to follow soon
Finance

Bank interest rates
on deposits cut again
Central Bank circular directs
banks to also cut rates on loans
Finance

Foreign creditors
start discussion group
Imminent decision
on March Eurobond expected
Finance

Banks ask government
to repay Eurobond on time
Bond will mature in March
Finance

Société Générale (France)
is still shareholder in SGBL
French bank set aside provisions
against country downgrade
Finance

Bank Audi sees crisis exit
conditional on will to reform
Annual report: $8.8 billion needed in funding
Finance

Salim Sfeir doesn’t favor
banks to merge currently
Process can be costly
for banks and their employees
Finance

Salameh suspects conspiracy
to subvert financial system
Ten percent of deposits
were withdrawn from banks
Finance

Parliament OKs 2020 budget
$4.3 billion deficit
38 percent of lawmakers voted in favor of bill
Finance

Central Bank: No haircut
on depositors says the law
Statement made in response to Khalaf Al Habtoor
Finance

Forex counters set LL2,000
ceiling on dollar purchases
Dollar has been selling at LL2,050
at money changers at midday
Finance

Online money transfers
allowed between banks
Caps are placed on amounts
with flexibility toward business
Finance

Lower interest
on banking loans
Reference rate cut to 8.5 percent
on dollar and 11.5 percent on lira
Finance

Tax data exchange
with Switzerland not ready
Lebanon has first to abide by
confidentiality and safeguards standards
Finance

UPDATE -- Eurobond swap
waiting for official go ahead
Debt restructuring will also ensure
repayment to foreign bond holders
Finance

Salameh: Capital control
to ease starting from June
No haircut on deposits in the horizon
Finance

$12 billion drop
in bank deposits
$2 billion increase in
residents’ foreign currency savings
Finance

Central Bank buys
$2 billion in Treasury bills
Terms are at one percent rate
despite IMF warning
Finance
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