The Central Bank of Lebanon issued circular 331 in 2013, through which an amount of up to 400 million USD will be dedicated for Lebanese banks' equity investments into startups, incubators, accelerators, and funds operating in Lebanon. These investments will be 75% guaranteed by the Central Bank; banks wishing to finance such companies will benefit from interest-free loans from BDL guaranteeing up to 75% of banks' investment for a maximum period of 7 years. This initiative has given banks more flexibility in financing the growth of ITC sector.
Countries
Documents