According to a statement by the Chairman of the Board of Directors and General Manager of the Banque de L’habitat, an approval was given from the President of the Council for Development and Reconstruction for the final agreement made between the bank and the Arab Fund for Economic & Social Development. The agreement holds a loan of circa KWD 50 million (US$ 165 million) from the latter to the former.  Following the approval, a signing will take place with the Banque du Liban (BDL) for the fund in order to initiate the transfer of the loan funds towards the appropriate account at BDL following its depletion. In turn, the loan agreement is set to become effective soon.  According to the Chairman of the Board of Directors and General Manager of the Banque de L’habitat, this agreement will enable the loaning of circa 6,000 limited to moderate income households with ceilings of US$ 40,000 for the former and US$ 50,000 for the latter. (ICE BEIRUT)

Fonte notizia: Bank Audi, Lebanon Weekly Monitor, 7 - 13 August 2023