Lebanese c.bank instructs banks to cap interest rates on deposits

Breaking Headlines
04-12-2019 | 07:31
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Lebanese c.bank instructs banks to cap interest rates on deposits
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
0min
Lebanese c.bank instructs banks to cap interest rates on deposits
Lebanon's central bank told commercial banks on Wednesday to cap their interest rates on deposits in foreign currencies at 5% and to cap the rate on Lebanese pound deposits at 8.5%.
 
In a circular seen by Reuters, it said this would apply to all new deposits and those renewed from Dec. 4. It said banks should pay interest on foreign currency deposits half in the currency of the account and half in Lebanese pounds.
 
The measures would be valid for six months, it said.
 
All deposits made before Dec. 5 would remain subject to the agreement between the bank and the customer, it said.
 
 
 
 
REUTERS
 

Breaking Headlines

Central Bank

Banks

Lebanon

BDL

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
News Bulletin Reports
2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

LBCI
Lebanon News
2025-04-30

Lebanese President Joseph Aoun arrives in Abu Dhabi for official visit to the UAE

LBCI
World News
2025-02-26

Russia, US diplomats to meet in Istanbul on Thursday

LBCI
Middle East News
2025-04-01

Israeli defense firm Elbit gets $130 million European rocket supply deal

Videos
d-none hideMe
LBCI
News Bulletin Reports
2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

LBCI
Lebanon News
2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

LBCI
Lebanon News
2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI
Lebanon News
2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

LBCI
Lebanon News
2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

LBCI
Middle East News
2025-03-19

Israeli official urges international support for Lebanese government and army

LBCI
Lebanon News
2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

LBCI
Lebanon News
2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

LBCI
Lebanon News
2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon News
11:33

Paragliding fatality in Sahel Aalma: Instructor flees after man falls to death — Here’s what we know so far

LBCI
Lebanon News
09:16

Man in his thirties dies in paragliding accident over Jounieh

LBCI
News Bulletin Reports
12:54

US envoy Morgan Ortagus eyes Beirut visit as fears grow over potential Israeli escalation — details unfold

LBCI
News Bulletin Reports
13:20

Could cannabis save Lebanon? Debate reignites amid economic crisis

LBCI
Lebanon News
05:35

81 municipalities win unopposed in North Lebanon and Akkar

LBCI
News Bulletin Reports
13:19

Judicial reform in motion: Lebanon’s Cabinet approves long-stalled draft law to curb political interference

LBCI
World News
08:08

Trump: I am pleased to announce that India, Pakistan agreed to an immediate ceasefire

LBCI
Lebanon News
09:09

Israeli warplanes fly at low altitude over Tyre, South Lebanon: NNA

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More