Banking bulletins

areeba To Support All Its Merchants During The Coronavirus Pandemic

areeba To Support All Its Merchants During The Coronavirus Pandemic

Beirut, April 2, 2020: areeba sal, the leading e-payment system provider in Lebanon, is implementing a financial relief measure to support all its merchants during the current COVID-19 novel coronavirus outbreak. This initiative will include more than 14,000 POS terminals for all its merchants from all cities in Lebanon, from different business lines: retail shops,

Highlights of ABL president, Dr. Salim Sfeir

Highlights of ABL president, Dr. Salim Sfeir in the Press Conference announcing in-kind donation to governmental hospitalsViruses can only be defeated by immunity; and crises can only be overcome by national immunity and resilience which Lebanon has acquired through time. Announcing the contribution of the ABL with 6 million USD, the President of the Association stated:

ECB under pressure to cut rate over coronavirus after Fed move

The European Central Bank (ECB) is under pressure to follow the US Federal Reserve and cut interest rates when it meets on Thursday, economists said. However, the Bank led by President Christine Lagarde (pictured), has less room for manoeuvre than its US counterpart since successive efforts to stimulate the eurozone’s anaemic economy has left its

Bank Audi raises USD 210 Million in Common Equity

The Extraordinary General Assembly of Shareholders of Bank Audi sal convened earlier today and approved USD denominated cash contributions, from the Bank’s shareholders, in an amount of USD 210 million. The General Assembly also resolved to convert said cash contributions into ordinary shares of the Bank. The aforementioned actions remain subject to the approval of

Dubai International Financial Centre Launches Seamless Digital Onboarding Platform to Improve Ease of Establishing Business

Dubai International Financial Centre Launches Seamless Digital Onboarding Platform to Improve Ease of Establishing Business New innovative  platform improves efficiency, increases transparency and simplifies the process of setting up a business at the region’s leading financial centre Clients seeking to access the fast-growing MEASA region from Dubai can benefit from a fully digital and transparent

Bank Audi Reinforces Its Financial Positioning Increase in core equity Negotiations to sell Bank Audi Egypt

Increase in Core Equity Bank Audi has started accepting US Dollar denominated cash contributions to capital from its shareholders (holders of common shares), in application of the first stage of Banque du Liban’s circular 532. Shareholders holding the majority of the Bank’s capital have already indicated their willingness to contribute, a valuable token of their

Bank Audi Reinforces Its Financial Positioning

Increase in core equity  Negotiations to sell Bank Audi Egypt Beirut, January 23, 2020 Increase in Core Equity Bank Audi has started accepting US Dollar denominated cash contributions to capital from its shareholders (holders of common shares), in application of the first stage of Banque du Liban’s circular 532. Shareholders holding the majority of

LGB BANK

LGB BANK SAL announces that it has finalized the increase of its equity through a cash contribution in U.S. Dollars equivalent to 10% of Common Equity Tier One as at 31/12/2018, during the Ordinary General Assembly meeting of shareholders held on 14/01/2020. By this, LGB BANK SAL complied with the terms of BDL Intermediate circular

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