Buildings under construction in Beirut. (The Daily Star/Stringer)
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Lebanon's Central Bank said Tuesday it has slapped LL6.9 billion ($4.6 million) of fines on some banks and clients for violating the rules and conditions of BDL's subsidized housing loans.But BDL did not disclose the names and the number of Lebanese banks that have violated the conditions for granting subsidized housing loans to limited-income families.It stressed that BDL renews its commitment to continue auditing all subsidized housing loans and to ensure banks and clients abide by the conditions related to these loans.It stressed that the total amount of housing loans granted by banks under the BDL subsidized program have reached LL19.14 trillion up to 31/5/2018 and the total loans have reached 131,000, with an average loan of LL146.1 million.
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