Friday, August 3, 2018

Housing loans subsidies will resume next year. Banks lost $90 million on subsidy halt


The State will resume interest-subsidies for housing loans, as it is part of the national policy to support new households and to discourage young people from emigrating, said Joseph Torbey, Chairman of the Association of Banks.

Subsidized housing loans will be the first topic on the agenda of the new Cabinet once it is formed because of its strategic importance, Torbey said. All top officials, starting from the President to the Governor of the Central Bank (BDL), are of the same mind tha...

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