The Housing Bank announced that it had decided, as of July 1, 2026, to reduce the annual interest rate currently in effect on housing loans from 6% to 5.75%, after being informed of the approval of the Governor of the Bank of Lebanon, Karim Saied, to exempt the Housing Bank from the annual management fee of 0.25%, which the Bank of Lebanon usually charges in exchange for managing the “Arab Fund for Economic and Social Development” loan. He added in a statement: “The Housing Bank has decided to reduce the interest rate approved on housing loans related to the “Arab Fund for Economic and Social Development” loan in particular, starting from July 1, 2026. The reduced interest will also be applied to loans previously granted from the same financing source, on the due date of the last installment of the valid contractual year in accordance with the terms of the lending and insurance contract.” He concluded: “This measure aims to reduce the financial cost for borrowers and enable a wider segment of Lebanese citizens to benefit from the Arab Fund loan housing financing programs.”