ABL

Ministry of Finance: Taxing Windfall Profits

The Ministry of Finance has directed the Association of Banks in Lebanon (ABL) to notify its members to provide a list of their clients, individuals and entities, including names, addresses and tax registration numbers, who have repaid their debts in bank dollars or lollars. This request is based on provisions of tax procedural law and aims to ...

Khalaf: Return of Bank Credit Is Essential for Economic Recovery

Secretary General of the Association of Banks in Lebanon (ABL) Fadi Khalaf said, in the preamble of the association's monthly report titled “The return of loans will contribute to the recovery of deposits,” that restoring the banking sector's normal role, particularly in the field of credit, is essential to getting the Lebanese economy moving ...

Khalaf: Significant Challenges Related to FATF

The Secretary General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, indicated that despite the significant efforts made by the Central Bank of Lebanon (BDL) to avoid including Lebanon on the gray list, and keep the banks clear from thorough monitoring of transfers, major challenges remain. He stressed that Lebanon is still under ...