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Negative outlook
Moody's changes outlook on banking system to negative from stable
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Growth Capital Fund
Abraaj Capital, Cisco, and European Investment Bank launch $50 million-fund
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Eurobonds swapped
64 percent of debt notes maturing in 2012 exchanged for lower interest rates
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US' eye on banking sector
Treasury Department official in Beirut to “highlight importance of maintaining transparent financial sector”
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Refinancing debt
Standard Chartered, Deutsche Bank, Fransa Invest to manage swap of $2 billion in Eurobonds
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Kafalat loans down
Guaranteed loans drop by nine percent y-o-y in first nine months of 2011
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Bank for the Poor
With a $5 million capital, the bank intends to extend small loans to underprivileged citizens; operations to start by mid-2012
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Audi goes to Turkey
Bank Audi obtains license to operate subsidiary in Turkey with a capital of $300 million
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