BDL Environmental Loans. Banque Du Liban Financing Unit.
BDL Environmental Loans
Banque Du Liban
By virtue of the Code of Money and Credit of 1963, the Central Bank of Lebanon’s general mission is to “safeguard the national currency in order to ensure the basis for sustained social and economic growth”. This mission specifically consists of:
Safeguarding monetary and economic stability;
Ensuring the soundness of the banking sector;
Developing money and capital markets;
Regulating and developing the payment, clearing and settlement systems as well as electronic financial operations.
BDL Mission Statement
The Central Bank controls banks’ liquidity:
by monitoring or adjusting discount rates;
by imposing on banks reserve requirements on their deposits in LBP.
The Central Bank can also regulate banks’ credit in terms of volume and type:
by imposing credit ceilings to limit credit risk;
by directing credits toward specific sectors or purposes.
The Central Bank of Lebanon can facilitate financing investments in specific economic sectors by exempting banks from part of the required reserve requirement to finance these projects at low cost.
BDL is currently working with Ministry of Power, UNDP, the European Union (EU), and the Lebanese Center for Energy Conservation (LCEC) to provide potential investors in green technology, specifically in energy saving and renewable energy technology, with low cost financing and medium to long term maturities.
MOU Signed between BDL, UNDP and LCEC
Residential Projects (Buildings, Houses),
Sectors that can benefit from the NEEREA mechanism
Any project concerned with pollution abatement, solid waste and waste water treatment, recycling.
Ecotourism, organic agriculture, and landscaping.
Energy Related (NEEREA Mechanism):
Any undertaking related to Energy Saving and Renewable Energy.
Lighting, Ventilation systems, Generators, Heating and Cooling, Refrigeration, Furnaces, Boilers, Solar Energy, Photovoltaic, Biomass, Wind energy, Buildings envelope, IT Equipment Applications.
Re-modeling Existing Projects:
Repayment period up to 10 years, including the grace period.
Grace period ranging from 6 months to 2 years.
Subsidized Interest Environmental Loans
Non-Subsidized Environmental Loans
Rated Environmental Projects
The value of the loan extended to finance EnvironmentalProjects would be calculated as follows:
The cost of the property is excluded from the above scheme.
The certification system developed by LEED is adopted, or equivalent classifications from other internationally recognized systems.
Financing Cost for Rated Environmental Loans
Grant Contract Signed between BDL and EU
A grant contract was signed to support investments in sustainable energy in the amount of €12,200,000. The Central Bank would, pay a grant to subsidize loans extended to finance energy projects, with a maximum amount of $1m. energy loans:
Banque Du Liban
Phone: +961 1 743469
Fax: +961 1 750701