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"...

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"...

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....

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"...

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"...

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"...

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"...

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"...

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"...

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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