SGBL finances MEA Airbus purchase.

Société Générale de Banque au Liban (SGBL) is financing the purchase of a new Airbus A330-243 for Middle East Airlines (MEA). The value of the loan is $65 million. It constitutes 80 percent of the plane's value ($81 million), according to MEA. It will be paid back over a ten-year period at a minimum four percent interest rate.

SGBL Chairman Antoine Sehnaoui said: "We have financed MEA to confirm our continuous support to the growth of the local economy."
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