Lebanon Businessnews News
 

BDL prolongs its support to Housing Bank
Banks will continue to get discounts on reserves
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The Central Bank (BDL) has extended the term of its support to commercial banks offering housing loans through the Housing Bank. Banks that extend loans to the Housing Bank can get 80 percent of the total value of these loans from their BDL reserves.

This offer was previously valid for loans offered between 2009 and 2012. The BDL extended this period until the end of 2013.

This measure is meant to encourage banks to finance the Housing Bank, in order to sustain the housing loans policy. The Housing Bank is a specialized bank, whose majority is owned by the government. The bank offers citizens loans to buy homes at low interest rates of around five percent.

Reported by Hanadi Chami
Date Posted: Dec 21, 2012
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