{"id":28047,"date":"2018-02-13T11:05:39","date_gmt":"2018-02-13T11:05:39","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/02\/13\/lebanon-the-lgb-bank-is-funding-67-million-to-finance-smes\/"},"modified":"2020-08-11T11:32:31","modified_gmt":"2020-08-11T09:32:31","slug":"lebanon-the-lgb-bank-is-funding-67-million-to-finance-smes","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/02\/13\/lebanon-the-lgb-bank-is-funding-67-million-to-finance-smes\/","title":{"rendered":"Lebanon: The LGB bank is funding $67 million to finance SMEs"},"content":"\nThe LGB statement announced a five years program\u00a0in which the bank will fund local and Small to Medium Enterprises.\u00a0\nHelped by the Dutch Development Bank (FMO), the OPEC Fund for International Development (OFID), and the Development Bank of Austria (OeEB) the program aim to push for job opportunities within the selected companies.\nThe Dutch Development Bank has contributed $32.5 million while the OPEC Fund for International Development and the Development Bank of Austria provided $20 million and $15 million respectively.\n\u201cThis is the first syndicated transaction in\u00a0Lebanon and LGB Bank\u2019s first funding received from international DFIs,\u201d the bank said.\nIt is worthy to note that the OPEC is usually financing programs on sustainable environment development or initiative to fight against poverty. It is quite new for them to establish a program\u00a0in Lebanon with other banks to support and accompany SMEs.\nDiscover out our latest videos about the economic news in Lebanon :\u00a0\n\n\u00a0\n\n","author":75,"featured_media":5070,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5752,5761,5751,5756,2961,5750,5768,5762],"location":[5628],"class_list":["post-28047","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-business-support","tag-decision-makers","tag-economy","tag-employment","tag-institutions","tag-news","tag-recruitment","tag-trending","location-lebanon"],"short_url":"","have_related_news":null,"chapo":"The Lebanese Group Bank (LGB) communicated about its policy funding toward SMEs (Small and Medium Enterprise). A $67,5 million budget was made available to fund enterprise developments.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/construction-site-3124294_960_720-1.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/construction-site-3124294_960_720-1.jpg 550w","sizes":"550px","alt":"Lebanon: The LGB bank is funding $67 million to finance SMEs 1","width":550,"height":360,"ratio":0.67,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/construction-site-3124294_960_720-1.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/construction-site-3124294_960_720-1.jpg 1170w","sizes":"1170px","alt":"Lebanon: The LGB bank is funding $67 million to finance SMEs 1","width":1170,"height":658,"ratio":0.67,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lebanon: The LGB bank is funding $67 million to finance SMEs - 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