Tuesday, March 6, 2018

Subsidized housing loans funded from 2019 budget. Approvals were halted after all funds were deployed


The Central Bank will increase the number of housing loans that will benefit from the interest rate subsidy.

The total amount earmarked for housing loan subsidies for 2018 has been completely used up in just one month due to a large number of loan applications that have been rolled over from last year's excess demand.

Riad Salameh, the Governor of the Central Bank (BDL), said that some banks made commitments beyond their assigned quotas. BDL asked them to fulfill these obligations...

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