The increasing probability of debt restructuring, political uncertainty and “de facto capital controls” led Fitch to downgrade Lebanon from CCC to CC Thursday.
Moody’s rating agencies Wednesday downgraded the Baseline Credit Assessment of three Lebanese banks over the recent Central Bank circular that sets a ceiling...
The decision to lower interest rates on dollar and lira deposits and eventually loans would ease the cost of deposits on lenders as well as stimulate the...
As expected, Central Bank Gov. Riad Salameh Wednesday told all Lebanese commercial banks to lower their interest rates on foreign currency deposits to a...
In the current financial and political crisis, the banks and their employees have come under attack from the public and protestors - as if one with the ruling...
Central Bank Gov. Riad Salameh Wednesday ordered banks to lower interest rates on U.S. dollar and Lebanese pound deposits.
Adel Afiouni, the caretaker minister of state for investment and technology, responds to emailed questions by The Daily Star on the dire state of Lebanon’s...
Central Bank Gov. Riad Salameh is expected to introduce a new mechanism to slash the interest rates on dollar and Lebanese pound deposits and loans in 2020,...
Lebanon repaid $1.5 billion in Eurobonds Thursday, but the question remains: Will any new government be able to refinance the remaining outstanding Eurobonds...
Lebanon will settle Thursday a maturing $1.5 billion Eurobond, sending a signal to the market that the country has not defaulted despite the political crisis...
Controls imposed by Lebanese banks on access to cash are fueling concern among depositors who are worried for their savings despite government assurances they...
Lebanese banks are liquid but operating in a very strong “wave of uncertainty,” the banking association head said, describing temporary controls introduced...
Lebanese banks reopened most of their branches Tuesday under the watchful eyes of the security forces to ensure the smooth and uninterrupted operations in...
ABL calls on banks operating in Lebanon to reopen Tuesday
Walking through Downtown Beirut, my French colleague exclaimed that she was astonished by the amount of wealth displayed in the capital.
It was 2008 and unlike many countries, Lebanon was sailing through the worst global downturn in 80 years largely unscathed.
Standard & Poor’s international rating agency Thursday joined Moody’s and Fitch in downgrading some Lebanese banks in light of developments in the country and...
Lebanese student Fatima Jaber’s family is struggling to pay off multiple loans with double-digit interest rates.
Central Bank Governor Riad Salameh Monday dismissed any intentions of implementing a haircut on deposits or enforcing capital controls on Lebanese lenders as...
Lebanese banks welcomed statements Monday from Central Bank Gov. Riad Salameh, expressing hope these would have a positive impact on banking operations,...