File - Buildings under construction in Beirut, Thursday, July 31, 2014. (The Daily Star/Mohammad Azakir)
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The Central Bank will continue supporting the housing loans program for low- and middle-class families with the help of Lebanese commercial banks, contracting companies said Thursday.It suggested securitizing the PHC's customer loans and for banks to buy them through low-interest loans from the Central Bank or by freeing reserve requirements.Salameh and the banks agreed that the latter would seek to change the terms of the protocol signed with the PHC, with clients paying back the loan and the interest rates directly to the bank under a new payment schedule. They also concluded that banks should be more cautious about extending additional loans under the protocol signed with the PHC until this issue is resolved.
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