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  • Lebanon Opportunities

    MONEY & BANKING

    Oct 08, 2019 1 minute

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    INCREASE IN CEILING FOR SUBSIDIZED INDUSTRIAL LOANS

    The Central Bank (BDL) has increased the ceiling of its operational capital loans from $3 to $5 million in order to facilitate lending to the industrial, Chairman of the Association of Lebanese Industrialists. According to the amended circular, the interest rate on industrial operational loans has become 11.5 percent. The Central Bank will bear 6.66 percent and the borrower 4.84 percent. Industrialists can borrow up to 80 percent of the value of their exports over one year. New industrialists can take a loan that represents 60 percent of their exports in one year. The Central Bank will also provide industrial investment loans at an interest rate of 10.5 percent. Borrowers will bear 6.84 percent and the Central Bank 3.66 percent. The Central Bank will increase the loan’s ceiling to $25 million at a later stage. This decision can be made to preserve the factory’s sustainability.

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