Lebanon Finance news – Businessnews.com.lb

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~~Finance~~

IFC supports BBAC’s
trade finance capacities
$15-million revolver account for risk guarantees

Central Bank promises incentives for lenders
Key bankers say sector stable despite all

World Bank expects
resilient 2012 remittances
Inflows from GCC to remain robust

Eurobonds swap deal done
Two new notes issued at fair coupon rates

Capital Markets
Day in London
Local, foreign investors interact at first-time event

Byblos plans capital increase
Bank to hold general assembly on December 12

Public spending on wages up
Salaries and benefits cost $1.3 billion in first half

Casino expects
good 2012 profits
Share price currently at $580

IFC invests in local
micro-credit firm
Ameen aims to double its loan portfolio

New debt notes to
settle hospital arrears
$78 million for patient costs covered by Ministry

Fees on coastal
facilities triple
More than 90 percent of exploitants do not pay

Top three banks
still showing resilience
Improved asset quality over third quarter

ESFD supports 220 SME
projects in third quarter
Loans granted since 2003 total $66 million

Half of consumers
spend all of their income
At least 50 percent do not keep record of spending

Audi to launch seven branches in Turkey
Bank sees profits’ growth in first nine months

CDS spreads tighten in Q3
Higher probability of defaulting on debt

Salameh praises
wisdom of banks
“Credibility of financial sector saved our economy”

Tax evasion losses
total $3 billion a year
Real estate stakeholders reject new fees

T. Gargour & Fils
closes securitization deal
Short term debt arranged by BSEC

Public accounts since
1997 to be finalized soon
Treasury credits worth $3.6 billion still unpaid

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