Liliane Mokbel, 25/10 19:10 - Reading : 3 minute(s)
Banks Central Bank of Lebanon United States lebanon
Lebanon has been officially placed on the Financial Action Task Force (FATF) grey list, as announced on Friday. This expected decision came as no surprise. “Of course, we are aware of the extremely dramatic situation in Lebanon, currently,” said Mexican Gafi President Elisa de Anda Madrazo, following the FATF meeting in Paris. “I would like ...
This is Beirut, 21/10 21:40 - Reading : 3 minute(s)
ABL Banks Central Bank of Lebanon
The Secretary-General of the Association of Banks in Lebanon, Fadi Khalaf, stated that “the new policies adopted by Lebanon’s Central Bank (BDL) indicate a clear change in its approach to managing the financial crisis.” He welcomed “these measures, which reflect the Central Bank’s commitment to achieving as much monetary and financial ...
21/10 13:35 - Reading : 4 minute(s)
Bahrain Banks Central Bank of Lebanon Kuwait
In an interview with This is Beirut, Antoine Habib, Chairman and General Manager of Banque de l'Habitat (BDH), shared that despite Lebanon's challenging situation, the bank has resumed issuing loans, with many already disbursed. These loans, aimed at low- and middle-income individuals, cover the purchase of apartments, home renovations, land ...
This is Beirut, 21/10 09:50 - Reading : 4 minute(s)
Banks Europe European Union Ukraine Washington
A referendum on Moldova joining the EU was too close to call early Monday with almost all votes counted, as pro-EU President Maia Sandu blamed "criminal groups working together with foreign forces" -- a veiled reference to Russia -- for the outcome. The close vote is a setback for Sandu, who managed to top the first round of ...
This is Beirut, 20/10 17:25 - Reading : 4 minute(s)
Banks Europe European Union Ukraine Moldova
Moldovans voted on Sunday in a presidential election and a referendum on joining the European Union, with fears of Russian meddling amid the war in neighbouring Ukraine. The elections are a test of the former Soviet republic's pro-European turn under incumbent President Maia Sandu, who is seeking a second term. Police made hundreds of arrests ...
Liliane Mokbel, 11/10 11:05 - Reading : 3 minute(s)
ABL Banks Banque du Liban Central Bank of Lebanon
In its meeting on October 9, 2024, the Central Council of Banque du Liban (BDL) amended main circular No. 166, extending its benefits to depositors who converted their funds from Lebanese pounds to foreign currencies after October 30, 2019. The council also updated main circular No. 147, requiring banks to return outstanding or circulating bank ...
Maurice Matta, 09/10 08:30 - Reading : 6 minute(s)
Intense daily Israeli airstrikes continue on the southern suburb of Beirut, southern villages, and the Beqaa Valley, while the Israeli side affirms that its war will persist until it eliminates Hezbollah's military and organizational targets. The aim is to inflict as much strategic damage as possible on Hezbollah, including its financial ...
This is Beirut, 08/10 19:35 - Reading : less than a minute
ABL Banks Banque du Liban Central Bank of Lebanon
The Board of Directors of the Association des Banques du Liban (ABL) met with the First Deputy Governor of the Banque du Liban (BDL), Wassim Mansouri, in the presence of his deputies, to discuss the situation of the banking sector in light of the difficult circumstances facing the country. Participants stressed the need to continue providing ...
This Is Beirut, 28/03 17:23 - Reading : less than a minute
While tensions are rising in the West Bank, the Israeli army has proceeded to encircle the city of Jericho in its entirety and launched operations in several other villages and neighboring refugee camps, according to Majed Said, the France 24 correspondent in Ramallah, West Bank.
Liliane Mokbel, 08/03 21:56 - Reading : 4 minute(s)
For those wondering when the bank dollar exchange rate is going to increase, it is becoming increasingly clear that it won't happen anytime soon. It's a complete mystery. The causes are many. The government, the Central Bank of Lebanon (BDL) and the Ministry of Finance continue to pass the blame, leaving depositors frustrated. None of them is ...
Johnny Kortbawi, 30/01 12:40 - Reading : 3 minute(s)
The average Lebanese citizen used to earn a modest salary. For the sake of this story, let's assume that this income was a hundred Lebanese pounds. However, it’s important to clarify that here, the pound is a mere fictional currency, as in reality, a hundred lebanese pounds is not a typical salary in a country like Lebanon, where the pound ...
This Is Beirut, 2023-12-08 19:25 - Reading : 3 minute(s)
Eleven Lebanese banks have initiated legal action by asking the Ministry of Finance to compel the government to repay its debts to the Central Bank (BDL). The purpose of this action is to enable the banks to fulfill their commitments to depositors. One of the lawyers representing the group of eleven banks, barrister Elie Chamoun, explained the ...