The ABL Board of Directors held a meeting after which the following press release was issued: “The ABL Board of Directors discussed the intermediate circular number 536 issued today by Banque du Liban (the Central Bank) related to the lending rate ceilings and affirmed its commitment to implement it progressively in parallel with the deposits' due dates, considering that this circular would directly have an impact on the interest rates and on Beirut Reference Rate (BRR) calculation published periodically by the ABL. And again, the ABL is certain that the beginning of the recovery from the current crisis lies in the restoration of order in the operation of constitutional institutions.

Communication & PR Department