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    banking

    Jan 28

    ABL delegation visits Central Bank Governor

    ABL delegation visits Central Bank Governor

    NNA - A delegation representing the Association of Banks in Lebanon (ABL) on Monday visited Lebanese Central Bank Governor, Riad Salameh. The meeting featured high on the unprecedented conditions of the banking sector in Lebanon.


    The Governor expressed his admiration"...

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    Jan 26

    Lebanon central bank reassures foreign investors about deposits

    Lebanon central bank reassures foreign investors about deposits

    Lebanon’s central bank said on Saturday there would be no “haircut” on deposits at banks due to the country’s financial crisis, responding to concerns voiced by a prominent Arab billionaire about risks to foreign investments there.

    Emirati"...

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    Jan 23

    Association of Banks expects clear governmental program, direct implementation of reforms

    Association of Banks expects clear governmental program, direct implementation of reforms

    NNA - In a statement issued on Wednesday, the Association of Banks in Lebanon expressed hope that the new government will have a positive impact on the country in preparation for the return of confidence and security, as well as economic and financial stability, on solid foundations....

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    Jan 22

    Syndicate of Money Changers: USD purchasing price LBP 2000 max

    Syndicate of Money Changers: USD purchasing price LBP 2000 max

    NNA - The Syndicate of Money Changers in Lebanon on Tuesday issued a statement declaring that after a series of consultations with relevant financial and supervisory authorities to reduce the USD exchange rate, the Syndicate, in agreement with the Central Bank Governor, has decided to set"...

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    Jan 22

    Corporate loan demand falls for 1st time since 2013

    Corporate loan demand falls for 1st time since 2013

    Corporate demand for bank loans in the eurozone fell in the final quarter of 2019 for the first time in six years, the ECB said Tuesday, suggesting that a darkening economic outlook was weighing on investment.
    The drop was led by plummeting loan demand from firms in Spain, as well"...

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    Jan 21

    Lebanese depositors turn rage on crisis-hit banks

    Lebanese depositors turn rage on crisis-hit banks

    As cash runs short at Lebanon’s banks, so has the patience of depositors. Hit by restrictions on withdrawals, some are taking extreme steps, occupying branches and in one case taking an employee hostage, to squeeze what they can from their accounts.
    Lebanon’s financial"...

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    Jan 21

    Lower interest on banking loans

    Lower interest on banking loans

    The Association of Banks (ABL) has cut the Beirut Reference Rate (BRR) on lending in dollars to 8.5 percent from 9.35 percent.

    It lowered the BRR on lira loans to 11.5 percent from 12.45 percent.

    The ABL has asked the banks to apply the new rates starting from"...

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    Jan 21

    Report: Investigations into ‘Suspicious’ Money Transfers Not Over Yet

    Report: Investigations into ‘Suspicious’ Money Transfers Not Over Yet

    The central bank of Lebanon on Monday denied reports claiming that investigations have identified the names of individuals reportedly involved in “suspicious money transfers abroad when Lebanon’s banks were closed at the start of protests, LBCI reported on Monday.

    BDL"...

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    Jan 19

    Beirut reference rate lowered -Lebanon banking association

    Beirut reference rate lowered -Lebanon banking association

    BEIRUT, Jan 17 – Lebanon’s banking association said the Beirut Reference Rate (BRR) on U.S. dollars had gone down to 8.5% and on Lebanese pounds to 11.5% as of January 2020.

    The rate was 10.39% for"...

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    Jan 16

    Association of Banks deplores Hamra incidents

    Association of Banks deplores Hamra incidents

    NNA - The Association of Banks in Lebanon on Wednesday issued a statement vehemently condemning the shocking incidents that shook Hamra Street on Tuesday evening, targeting the Lebanese Central Bank and branches of different banks, in addition to a number of commercial stores.
    ...

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