Log In
Partners Log In


Don't have an account yet?

Try us for free, no credit card required!

Confirm mail:
First name:
Last name:
Re-enter password:


Already registered?
Sign in now

Register now and get access to all Economena Tools.
See available Packages

Economena » Time series » Beirut Reference Rate on LBP

Series ID17248
SourceAssociation of Banks in Lebanon
Citing the increasing discrepancy between the international rates and the situation of risks in Beirut market and the unrealistic continuity of the adoption of LIBOR – i.e. the lending rate between the banks in the London market – as a benchmark for local interests, the Board of Directors of ABL adopted, in its meeting, held on March 24, 2009, a methodology to calculate the Beirut Cost Rate (BCR). The banks started to implement it, starting the beginning of April 2009, as a reference rate in the fiduciary contract instead of LIBOR. This rate allows the banks, after the addition of the cost of the fiduciary process and the profitability of the banks, to set the best debtor interest rate. The ABL, in the calculation of this reference rate, relied on the average cost of term deposits in dollars, in addition to the average operational cost in the Lebanese banking sector, in proportion to the overall deposits which are weighed by credits in dollars to the overall credits.
Start dateSign In
End dateSign In
     Sign in to download
Available only to paid users
Time series
% Change
% yoy
Date   Value
Mar 2018Sign In
Feb 2018Sign In
Jan 2018Sign In
Dec 2017Sign In
Nov 2017Sign In
Oct 2017Sign In
Sep 2017Sign In

This option is only available to premium subscribers!

Document Library
Data Tree
Personalization tools
Time Series Data
Download data to Excel
Multiple downloads to Excel
Charting and analysis tools
Update notifications
Expert assistance
Request new coverage
Request update
Call us now at +961 1 985 618

Send us an email to sales@economena.com

Use our contact form.

Our staff will respond to all E-mail inquiries within one business day.

Curious? Try us for free.

Register Now

Questions? +961 1 985 618

Quick Help