Banking bulletins

EBRD extends USD 100 Million financing package to Credit Libanais to Finance Small and Medium Enterprises and Cross-Border Trade Finance in Lebanon

EBRD extends USD 100 Million financing package to Credit Libanais to Finance Small and Medium Enterprises and Cross-Border Trade Finance in Lebanon

Beirut, Lebanon, September 16, 2019 – Credit Libanais, one of Lebanon’s leading financial institutions, announced the completion of a USD 100 million finance package from the European Bank for Reconstruction and Development (EBRD), to expand finance and trade facilities to Small and Medium Enterprises (SME’s) in Lebanon. The EBRD financing comprises a senior loan for

Western Union Digital Now Live in Lebanon

Western Union® Mobile App and Westernunion.com Pioneers Digital Money Transfers in Lebanon in Alliance with BoB Finance BEIRUT, September 5, 2019 – Western Union, a leader in cross-border, cross-currency money movement, and BoB Finance, a leading financial services operator in Lebanon, have launched the Western Union mobile app and Westernunion.com, pioneering online consumer money transfers

Bank Audi and the UNDP Offer an Additional Fleet of Moto Ambulance Bikes to the Lebanese Civil Defense

Beirut, August 7, 2019 Bank Audi announced the delivery of an additional fleet of motorbikes in the context of the Moto Ambulance project pertaining to the Directorate General of the Lebanese Civil Defense, launched in collaboration with the UNDP’s Live Lebanon initiative, CHAMPS Fund, the Ministry of Interior and Municipalities, LBCI, and the National Road

BLOM PMI Recorded Its Highest Reading for nearly 2.5 Years

During the month of July 2019, Lebanon’s Purchasing Managers’ Index (PMI) recorded its highest reading since 2.5 years ago, with the index standing at 47.7 points, still below the neutral mark of 50 points separating economic contraction from growth. However, the indicator’s improvement is a good sign, affirming a decelerating rate of deterioration of the

Saradar Bank launches the Visa Infinite Privilege Card – The most exclusive premium card in Lebanon

Beirut, August 1, 2019 — Saradar Bank announced today the launch of its Visa Infinite Privilege Card exclusively designed for ultra-high net-worth individuals. Available by invitation only, this card provides unrivaled services, unmatched rewards program and dedicated, highly skilled private bankers to cater to the exceptional needs of the Bank’s elite client base. The card will

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