The Chairman and General Manager of the Housing Bank, “Antoine Habib,” issued a statement announcing the approval of the Lebanese Council of Ministers in its recent meeting to increase the bank’s capital from 100 billion Lebanese pounds to 150 billion Lebanese pounds.
“Habib” explained that this step represents a glimmer of hope for the young generation that aspires to an opportunity that enables them to buy or renovate a house, in light of the severe shortage of commercial bank loans. He pointed out that this increase will help meet the needs of a wider segment of Lebanese people with limited and average incomes, in addition to those with special needs.
He praised this step, considering it a reflection of great confidence from the Lebanese government in the Housing Bank, and at the same time constitutes an initiative to support and encourage the achievements made by the bank in recent years, which it continues to achieve until now.
“Habib” also thanked “President of the Republic, General Joseph Aoun,” “Prime Minister Nawaf Salam,” “Minister of Finance Yassin Jaber,” and “Minister of Social Affairs Hanine El Sayed” for their contribution to facilitating the approval of this decision, at a time when the housing sector is in dire need of any support that guarantees the continuation of housing loans and the sustainability of the Housing Bank’s projects, in light of the current difficult social and economic conditions.
