IFC and AFD Guarantee $5M BLC Loans for SMEs

According to the International Finance Corporation (IFC), BLC Bank will be the first to profit from the MENA SME Risk Sharing Facility, as the IFC and the Agence Française de Développement (AFD) will guarantee $5M worth of loans offered by BLC Bank to support small and medium enterprises (SMEs).  Worth mentioning, 20% of the loans will be allocated for women-owned SMEs.

BLC Bank Financial Highlights in H1 2016 ($M)

June-16Dec-15% change
Total Assets       5,540.34       5,741.09-3.5%
Customers’ Deposits       4,635.51       4,582.371.11%
Shareholders’ Equity          513.65          505.251.66%

Source: Beirut Stock Exchange


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