Banking bulletins

H.E President Michel Aoun receives the chairman and board of directors of the Association of Banks in Lebanon (ABL)

H.E President Michel Aoun receives the chairman and board of directors of the Association of Banks in Lebanon (ABL)

Speech to H.E President Michel Aoun – Tuesday July 16th, 2019: Today, we are honored to meet His Excellency the President of the Republic, It was an occasion during which we presented the prevailing economic and financial conditions in the country. His Excellency stressed on the prominent role played by the banking sector as a

BBAC supports 100 students with Language Enhancement Program

Beirut, 15 July 2019 – In line with its ongoing care and support for the youth to help them build a promising future in Lebanon, BBAC (Bank of Beirut and the Arab Countries) has participated in the Social Work League project aiming at providing public school students in several Lebanese regions with English courses, as

Creditbank Gets GDPR-Ready With Commvault

BEIRUT, LEBANON, 14 July, 2019: Founded in 1981, Creditbank has grown to become one of Lebanon’s most trusted and successful banking institutions. Today, as part of an ongoing effort to increase the efficiency of its data infrastructure environment, and future-proof against compliance challenges such as GDPR, Creditbank has announced that Commvault will now take charge

Creditbank Gets GDPR-Ready With Commvault

BEIRUT, LEBANON, 14 July, 2019: Founded in 1981, Creditbank has grown to become one of Lebanon’s most trusted and successful banking institutions. Today, as part of an ongoing effort to increase the efficiency of its data infrastructure environment, and future-proof against compliance challenges such as GDPR, Creditbank has announced that Commvault will now take charge

LEEREFF – Support for GREEN Investments for small and medium enterprises.

The European Investment Bank (EIB), with EUR 50 million, and Agence Française de Développement (AFD), with EUR 30 million, are jointly supporting the Lebanon Energy Efficiency and Renewable Energy Finance Facility – LEEREFF. This new credit line will be available to SMEs active in different business areas and industries, with a spectacularly low 2% interest

BBAC awarded “Best Bank for Banking Services Quality”

Beirut, July 12, 2019 – BBAC (Bank of Beirut and the Arab Countries) has once again established its excellence in the banking field and in the services it provides to its customers. The Bank was awarded the “Best Bank for Banking Services Quality” by the ‘World Union of Arab Bankers’ at the 2019 Arab Banks

Corporate treasurers in EMEA are looking beyond their banks for innovation, according to Finastra

New research highlights need for banks to embrace Open Banking-enabled consortia business models 70% of corporate treasurers believe that a shift from bank to non-bank services will take place within their organizations over the next two to five years 74% of corporate treasurers believe access to real-time payments reporting is the key treasury opportunity for

LGB BANK sponsors the Cancer Support Fund

As part of its ongoing commitment to cater the needs of the Lebanese citizen, LGB BANK sponsored a ceremony organized by the Cancer Support Fund of the American University of Beirut Medical Center (AUBMC) which took place at the Pine Residence in the presence of high profile community leaders and numerous fund supporters. LGB BANK’s

Operating conditions for Lebanon’s Private Sector Continue to Deteriorate: June 2019’s PMI Stays at 46.3

The June 2019 BLOM Lebanon Purchasing Managers’ Index (PMI) stood at 46.3 in-line with May’s reading, mainly driven by output and new orders indices at less than 44. Meanwhile, economic growth remains subdued, hovering between 0% to 0.5%. Fiscal Dynamics: Deterioration The latest figures on Lebanon’s fiscal performance reflected a substantial $6.3B deficit in 2018.

USAID LAUNCHES “PATHWAY TO SAVINGS” IN PARTNERSHIP WITH BANKMED and EMKAN FINANCE

Tuesday, July 2, 2019 Under its Livelihood and Inclusion Finance Expansion (LIFE) project, USAID/Lebanon launched “Pathway to Savings” in partnership with Bankmed and its subsidiary, Emkan Finance on July 2. The launch event was held at Bankmed headquarters with USAID Economic Growth Office Director, Dr. William Butterfield, executives from Bankmed and Emkan, representatives from the

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