Housing Bank resumes mortgage loan subsidies. The bank is seeking loans from Arab Fund and EBRD

The Central Bank (BDL) will subsidize the interest rates of housing loans that Banque de l'Habitat (The Housing Bank) provides.

The subsidy will continue until the end of 2018, according to a new BDL circular.

Joseph Sassine, Chairman of Banque de l'Habitat, said that the bank is using its own resources because long-term lending is not currently available on the local market. "The bank could have invested these resources at high returns on the market instead of using them for l...

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