What does BDL stand for?

While the primary balance target was also met, the program ceiling on net government financing by the Banque du Liban (BdL) was missed.

On closing date, RYMCO sold to the fund, on a true sale basis, a portfolio composed of hundreds of auto loans granted to several obligors, pursuant to Banque du Liban approval.

Author: Charles Charalambous) LEBANESE BANK SociE[umlaut]tE[umlaut] GE[umlaut]nE[umlaut]rale de Banque du Liban (SGBL) is set to complete its buyout of SociE[umlaut]tE[umlaut] GE[umlaut]nE[umlaut]rale (SG) Cyprus, pending formal approval by the Lebanese and Cypriot central banks.

The agreements between the parties are subject to the approval of Banque du Liban, Lebanon's central bank.

As per agreements entered into between the parties and which remain subject to the approval of Banque du Liban (Central Bank of Lebanon), the UAE-based bank will be acquiring through its Lebanese subsidiary, Emirates Lebanon Bank, previously Banque de la Bekaa, the activities of the Lebanese branch of Banque Nationale de Paris Intercontinentale, a fully-owned subsidiary of BNP Paribas.

Economic and financial data published by Banque du Liban (the central bank of Lebanon) and Lebanese banks indicate that the Lebanese banking industry has been among the most profitable economic sectors in Lebanon in the post civil-war era.

Banque de Syrie et d'Outre Mer, owned 39% by Banque du Liban et d'Outre Mer and 10% by the Int'l Finance Corp.

So far, four Lebanese banks have been allowed to open their doors in the Free Trade Zone: the Banque du Liban et Outre-Mer, Banque Europeene pour le Moyen Orient, Fransabank, and Societe- Generale Libano.