The Minister of the Displaced Akram Shouhayib signed with the Chairman General Manager of BBAC Sheikh Ghassan Assaf the “Loan of the Displaced” protocol, in the presence of the General Manager of the Ministry of Displaced Eng. Ahmad Mahmoud, Advisors Dr. Rabih Mounzir and Mr. Fadi Abi Alam as well as managers from BBAC and representatives from the media, at the Ministry’s premises.

The protocol is significant as it gives Lebanon’s displaced a loan with a financing amount that can reach up to 60% of the speculative value of the property at an exceptional interest rate of 1.62%, with a repayment period reaching up to 25 years, allowing them to reconstruct, renovate, repair or improve their houses in any of the Lebanese villages that were devastated by the displacement that occurred before 1990.