Lebanon Businessnews News
 
Finance

Borrowing interest rates
reduced in all currencies
BRR lowered to 5.75 on dollar
and to 7.75 on lending in lira
Finance

Losses at Central Bank
amortized as future earnings
Follows European Central Bank guidelines
Finance

Banks exempt from reserves
on fresh transfers, deposits
Depositors to benefit from full
withdrawals and bank services
Finance

Central Bank to
undergo auditing
Last touches on
soon-to-be-announced economic plan
Finance

Banks to apply
LL2,600 per dollar
Exchange rate for small
depositors to be revised weekly
Finance

Deposits of less than $3,000
withdrawn at market rate
To protect smallest depositors
Finance

Central Bank to control
foreign exchange market
To set up trading division and
electronic platform to post prices
Finance

Delay in implementing
loan and salary financing
Banks are asking
for more clarifications
Finance

Eurobond holders to get
economic update by officials
Webcast scheduled
on Friday March 27
Finance

Eurobond credit insured
to get $400 million indemnity
More payouts expected as
government declared total default
Finance

Payment moratorium
on all Eurobond issues
Presentation to creditors
scheduled for Friday
Finance

Banks required to grant
zero-interest loans until May
Customers to use proceeds for
salaries, operations, and debt payment
Finance

Some bank branches
to open during lockdown
ATMs, payment cards and
salary payments unaffected
Finance

Dollar peg to be kept
in the foreseeable future
Governor of the Central Bank
to keep his post
Finance

$35 million raised
by EIP Levant Fund
Up to $40 million
investments in local SMEs
Finance

Banks pledge to ease
transfers and withdrawals
Deposits in dollar
will not be forcefully converted into lira
Finance

Oxygen Fund for imports
of industrial raw materials
Platform to raise
$750 million scalable to $3 billion
Finance

Will bondholders
negotiate or litigate?
Eurobond prices crash again
Finance

Foreign currency reserves
$22 billion at-hand
No ‘Haircut’ and fuel tax
VAT to be increased on luxury goods
Finance

Eurobond payments
have been suspended
Talks with Ashmore and
Fidelity already underway
Finance
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