Banking Sector

Banking Sector: The State Must Acknowledge Its Debts

Banking circles reject what is being circulated in some political meetings about nationalizing banks and scrapping bank deposits in a so-called “convincing way.” A financial official stresses the importance that “Lebanon adheres to private ownership and ensures the independence of the Banking sector.” He argues that the state is not ...

Syndicates of Banks' Employees Reject Sector Restructuring Plan

The Federation of Syndicates of Banks' Employees in Lebanon strongly rejected the government's proposed plan to restructure the banking sector. Discussion of the proposed draft law aimed at addressing Lebanon's banking crisis and the government's proposed restructuring measures took place on Monday in a meeting organized by the Federation in ...

ABL: To Return Deposits and Preserve the Banking Sector

The Board of Directors of the Association of Banks in Lebanon (ABL) met on Wednesday, reiterating the need to return deposits and preserve the banking sector. According to a press release issued by the ABL, various topics were discussed. In particular, the Council unanimously stressed the need to approach any bank restructuring project in ...