The Association of Banks in Lebanon (ABL) strongly condemned the attacks on banks that occurred on Thursday, expressing its concern for depositors’ rights.
In a statement, ABL said that banks were once again exposed to malicious attacks by those with vested interests, seeking to exploit the situation at the depositors’ expense.
The statement read, “Anyone with an ounce of rationality understands that damaging bank property, reducing the value of their assets, or increasing their charges and debts weakens their ability to return money to depositors. Is this what the bank robbers aim to achieve?”
According to the statement, banks have demonstrated through their actions that they are committed to protecting depositors’ rights. This includes obtaining a court decision to invalidate part of the government’s plan, which sought to cancel some of the state’s obligations towards depositors.
While denouncing the attacks, ABL assured that it would continue working towards finding realistic and equitable solutions to the current crisis.
The fact remains that the state is still in the dark and has yet to implement any structural reforms.
