par This Is Beirut, 15/02 17:36 - Reading : less than a minute
Circular 166, which allows certain depositors to withdraw $150 a month from their accounts, came into force on Thursday. Those concerned can now submit their applications to the banks. Lebanon's Central Bank (BDL) has informed banks of the application mechanism and sent them the form to be used in order to lift the banking secrecy of the accounts ...
par Nicolas Sbeih, 04/07 11:00 - Reading : 5 minute(s)
Few bankers get the chance to speak freely in the media, as this is frowned upon. They're seldom invited to debates, and if they are, it's only to be bombarded with a well-prepared barrage of acidic slurs. In fact, we have been hearing the same tirades for the past five years, with each critic thinking they've made a groundbreaking ...
par Nicolas Sbeih, 11/07 09:45 - Reading : 5 minute(s)
After delving into the topic of banks, let's assess the current state of their regulatory body, Lebanon’s Central Bank (BDL). Overall, the outcome is somewhat meager. However, we will refrain from preempting conclusions before outlining the pros and cons of this interim governorship, now in its one-year tenure. We will partially rely on ...
09/08 12:28 - Reading : 2 minute(s)
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets declined annually by 10.4% to stand at $104.32B by June 2024 amid BDL’s adoption of a new exchange rate of LBP 89,500 per USD, effective 31/01/2024. On the assets side, currency and deposits with the Central Bank represented a high figure of 78.38% of total ...
par This Is Beirut, 15/08 18:56 - Reading : 1 minute(s)
The Union of Arab Banks stood out by publishing an exclusive interview with the renowned robot Sophia. The interview was issued in French in the UAB Magazine and in English in The Banking Executive magazine, published by the International Arab Bankers Union. Sophia, activated on April 19, 2015, in Hong Kong, is a humanoid robot developed by ...
par This Is Beirut, 27/09 09:38 - Reading : less than a minute
The Ministry of Finance announced that the Departments of Expenditure and Treasury, with the combined efforts of employees, have transferred all salaries of public sector employees and all military corps, as well as the pensions of military and civilian pensioners, to the Central Bank. Beneficiaries will be able to withdraw their salaries from ...
