VOL. XL

No. 34

25-August-1997

LEBANON

IFC Extends $67.5Mn Credit Line To Four Lebanese Banks

The International Finance Corporation, the private-sector arm of the World Bank, on 19August signed agreements with four medium-sized Lebanese banks to provide long-term creditfacilities totaling $67.5mn. The four banks are: Bank of Beirut, Banque Beyrouth pour leCommerce, Banque Saradar and Transorient Bank. According to an IFC statement, the bankswill use the credit facilities to "increase the scope...