Financial and Banking News

REGIONAL BANKING

Banque du Liban to Increase Capital 

The Lebanese Minister of Finance, Mr. Camille Chamoun, has proposed a bill to increase the capital of the country's central bank, the Banque du Liban, from the current inadequate level of LL15mn ($800,000) to LL1,000mn ($53mn). The extra funds would be taken from the Public Reserves according to normal procedures. However, it is possible that these reserves would first have to be augmented by...