Latest news with #subsidizedLoans
LBCI
29-05-2025
- Business
- LBCI
Speaker Berri briefed by Housing Bank Chief on upcoming loan agreement with Abu Dhabi Fund
The Chairman and General Manager of the Public Housing Bank, Antoine Habib, met with Parliament Speaker Nabih Berri in Ain al-Tineh on Wednesday evening to brief him on the positive outcome of the bank's meetings with the Abu Dhabi Fund for Development. The meetings were led by Abdullah Al Mansouri, the Fund's Regional Director for Asia, who visited the bank following a recommendation by UAE President Sheikh Mohammed bin Zayed Al Nahyan after his meeting with Lebanese President Joseph Aoun in Abu Dhabi. The UAE leader encouraged the Fund to provide subsidized loans to the Public Housing Bank to help Lebanese citizens secure decent housing. The recent Lebanese-Emirati presidential meeting is expected to soon lead to a cooperation agreement between Lebanon and the Abu Dhabi Fund for Development. This will be followed by a loan agreement between Lebanon's Council for Development and Reconstruction and the Fund, to be implemented by Banque du Liban. During the meeting, Speaker Berri expressed his deep gratitude to Sheikh Mohammed bin Zayed for standing by the Lebanese people, and voiced appreciation and support for the Public Housing Bank's efforts to help citizens access or restore their homes.
LBCI
28-05-2025
- Business
- LBCI
Abu Dhabi Fund delegation visits Beirut to discuss subsidized housing loans for Lebanese families
A delegation from the Abu Dhabi Fund for Development, led by Regional Director for Asia Abdullah Al-Mansouri, visited the Banque De L'habitat headquarters in Beirut on Tuesday. They were welcomed by the bank's chairman and general manager, Antoine Habib, along with board members and senior staff. The visit focused on strengthening cooperation, with discussions centered on providing subsidized loans to the bank to support Lebanese citizens in purchasing or renovating homes. In a statement, the bank said both sides were in full agreement and decided to hold follow-up meetings in Abu Dhabi to explore the proposal in detail. The participants also expressed appreciation to Lebanese President Joseph Aoun and UAE President Sheikh Mohamed bin Zayed Al Nahyan, thanking them for the fruitful discussions held in Abu Dhabi that paved the way for this visit and future collaboration on affordable housing loans.
