Tag: Central Bank increases funding for businesses affected by COVID-19

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Central Bank increases funding for businesses affected by COVID-19

Jun 16, 2020 (LBO) – Central Bank has decided to provide funding to Licensed Commercial Banks (LCBs) at the concessionary rate of 1.00 percent against the pledge of a broad spectrum of collateral, on the condition that LCBs, in turn, will on-lend to domestic businesses at 4.00 percent. According to the Central Bank, this is […]