Syria Conflict Prompts Lebanon Central Bank Action

Lebanon’s central bank is preparing a stimulus package to revive growth in an economy hit by armed conflict in neighboring Syria, the country’s central bank governor said. Riad Salameh said in an interview with Dow Jones Newswires that the Bank of Lebanon is putting the finishing touches to a

Salameh rang the opening bell at London Stock Exchange

Lebanon’s Central Bank Governor Riad Salameh opened on Monday the trading session when he rang the opening bell at The London Stock Exchange, National News Agency ( NNA ) reported. Salameh headed a delegation to promote investments in Lebanon under the slogan “Lebanese capital markets day” which is being held for the first time

Lebanon’s Salameh : We are not worried about a bubble

Lebanese Central Bank Governor Riad Salameh discusses the exposure of the country’s banks to government debt as well as the latest efforts to insulate the lenders from a crisis in neighboring Syria. He spoke in an interview today at his office in Beirut. On economic growth: “The indicators are showing that the real growth could […]

Lebanon Banks: Salameh raises goal for capital adequacy

Lebanon plans to raise the minimum level of top quality capital reserves held by banks to 12 percent within seven years, the Central Bank governor said Friday. Riad Salameh said he originally envisaged asking banks to raise reserves of Tier 1 capital to 10 percent – already significantly higher than the 7 percent required by […]