Some 250 thousand people benefited from housing loans with LBP 6612 billion pumped into the real estate market

The President and CEO of Public Corporation for Housing (PCH), Roni La7hud, noted that the institution has provided during the first five months of 2014 loans for some 2347 individuals.  As such, the cumulative totals since 9/9/99 to date stands at 62066 loans.  La7hud added that during this same period, the institution received 75809 loan applications, while further insisting on the importance of these figures especially that the Institution injected into the real estate market some LBP 6612 billion.  For his part, the Minister of Social Affairs, Rashid Derbas stressed the importance of these figures and added that the institution through its service has helped some 250,000 Lebanese secure homes.  He further added that this is a perfect example of collaboration between the private and the public sector and should be reproduced in other sectors as well.
Source: Al-Nahar 24 June 2014