Outraged bybthe new BRR posted today by banking association. They declared thatvthey lowered the rate on $ to 9+% plus risk spread i.e lending rate to poeple around 12% min. While they are paying to deposits a max of 5% half in $ and half in lbp.....
And BRR on lbp at above 11% plus spread. Meaning that lending at 14%. This is not acceptable at all. Banks are sucking the financial juice out of the lenders. BDL #bdl YOU CANNOT REMAIN SILENT. You are allowing a club(read cartel) to fix lending rates to lenders. NO
Why are we all still silent about this matter? Poeple should know how the BRR is calculated. Would the lebanese banking association tell us how? And that the basis ofvthe weighted average are the 180bn$ of deposits while the loans are around 50bn$. NO NO...
This should stop. This should be revised. Meanwhile an URGENT circular from bdl should be issued capping the lending rates like it capped the deposit rates. Utterly not acceptable #bdl_pushratesdown_now
Poeple are not willing ro deposit any monies in the banks. They lost trust big time. And debtors are unable to pay back due to high rates and decelarated economy and loss of cash. Accumulated effect created by a myopic banking associations and permissive bank owners.
