Lebanon Businessnews News
 
Finance

$10 billion are gone
from foreign reserves
Decline was faster than projected
and will lead to ending the peg to the dollar
Finance

Interest-free loans
given to the least needy
Ten percent of notes due
got rescheduling approval
Finance

Bank Audi to sell Jordan,
Iraq units to Capital Bank
Talks on selling Egyptian business
to restart with First Abu Dhabi Bank
Finance

Business bodies
oppose fund return ruling
First public clash between
monetary authority and private sector
Finance

Voluntary ‘Bail-in’
regulated by the Central Bank
Listing on stock exchange
mandatory introduction of perpetual bonds
Finance

Incentives to repatriate
funds transferred abroad
Central Bank asks banks to pay
higher interest, waves mandatory reserves
Finance

Foreign currency corporate
loans can't be repaid in Lira
Industrialists and traders associations
denounce Central Bank’s decision
Finance

Banks not raising capital to
be seized by Central Bank
Financial institutions are waiting for haircut decision
Finance

Housing Bank reveals loans
to fix home damages
Three percent interest over 15 years
Finance

Central Bank allows
transfers to students abroad
Funds to cover tuition and living expenses
Finance

Emirates NBD in talks
to acquire BLOM Egypt
Potential deal is part of
strategic options of Lebanese bank
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
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