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The Financial Operations Directorate of the Banque du Liban issued a circular on the results of Intermediate Resolution 13222, the content of Intermediate Circular No. 552 on the facilities that the Banque du Liban can grant to banks and financial institutions.
It noted that “in compliance with the decision of the Central Bank of Lebanon on the facilities that can be granted to banks and financial institutions in US dollars in exchange for granting them exceptional loans in Lebanese pounds or in US dollars at zero% interest to their clients who are unable to pay their fees during the four months of March, April, May and June. Or to meet the needs of their clients from institutions and companies by paying the salaries of their employees or covering their productive and operational needs during the specified period, the Banque du Liban granted banks and financial institutions exceptional loans worth almost $ 400 million (18% of which were in exchange for loans granted by banks in Lebanese pounds and 82% of them) In exchange for loans granted by banks and financial institutions in US dollars), the number of beneficiaries reached almost 29,000, between individuals and institutions tutions.
The loans granted were distributed as follows:
Bonus payment 74%
Pay 11% of wages
Covering operating expenses 9%
Covering productive needs or operating capital 6%.
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