The announcement lifted shares in the sector by as much as four percent in early trading. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
What happens next
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
“Capital follows credibility, and credibility is finally being rebuilt.”
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
The wider picture
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
