Central Bank

Raed Khoury: Eliminating Banks and Deposits Would Be a “Catastrophe”

Nadia Hallak, 09:00 - Reading : 4 minute(s)

Lebanon Economy IMF Banks Central Bank

As the financial collapse continues and losses keep mounting with no clear plan yet for their distribution, attention is once again turning to the stalled negotiations between the Lebanese government and the International Monetary Fund (IMF), amid conflicting official approaches on how to address the crisis and restructure the banking sector. The ...

Writing Off Banks’ Capital Wipes Out Deposits

This is Beirut, 06/11 18:20 - Reading : 3 minute(s)

Lebanon Central Bank Karim Souhaid Yassine Jaber Economy Banks

The Governor of the Central Bank of Lebanon, Karim Souhaid, clarified the situation by declaring that Lebanon’s crisis is not purely a financial one but rather a systemic crisis in which the banking sector has become a victim. This is what Souhaid stated clearly during the parliamentary session dedicated to discussing the 2025 budget draft, ...

A Financial Gap Law That Writes Off Deposits and Submits to the IMF

This is Beirut, 04/11 13:30 - Reading : 4 minute(s)

Lebanon IMF BDL Central Bank

In appearance, Finance Minister Yassin Jaber sought to present his meeting with the Association of Banks in Lebanon (ABL) delegation at the Ministry of Finance as a broad, constructive session that projected an image of consensus. His public remarks reinforced this impression, suggesting that both sides—the ministry and the banks—were aligned ...

Central Bank Governor Riad Salameh Freed on $20 Million Bail

This is Beirut, 26/08 13:55 - Reading : 1 minute(s)

Riad Salameh Central Bank Lebanon release bail Jamal Hajjjar

The indictment chamber ordered on Tuesday the release of former Central Bank governor Riad Salameh on bail set at $20 million and 5 billion Lebanese pounds. The decision also imposes a one-year travel ban, as legal proceedings against him are still ongoing. The bail is the largest in Lebanon’s history. Salameh’s defense team strongly ...

Lebanon's Central Bank Partners with K2 Integrity to Exit Grey List

This is Beirut, 14/07 12:20 - Reading : 1 minute(s)

Lebanon Central Bank K2 Integrity Grey list Financial Action Task Force United States

As part of its strategy to curb the expansion of the informal economy and combat illicit and fraudulent activities, Lebanon’s Central Bank announced on Monday the signing of a cooperation agreement with US-based firm K2 Integrity, which specializes in global risk management, compliance, and financial investigations. The agreement is part of the ...

Khalaf Warns: “Comprehensive Plan Urgently Needed”

This is Beirut, 30/06 12:15 - Reading : 2 minute(s)

Fadi Khalaf Central Bank Lebanon Bank Association Lebanon

In an op-ed published ahead of the Association of Banks in Lebanon’s (ABL) monthly report, Secretary General Fadi Khalaf once again sounded the alarm, warning that the absence of a comprehensive solution remains the greatest threat to Lebanon’s economic and financial future. With the country’s systemic crisis entering its sixth year, Khalaf ...

Aoun Calls on Central Bank to Restore Confidence in the Banking System

This is Beirut, 08/05 10:32 - Reading : less than a minute

Joseph Aoun Central Bank Karim Souhaid Lebanon

During a visit to the Central Bank (BDL) on Thursday morning, President Joseph Aoun called on Central Bank Governor Karim Souhaid and the bank’s deputy governors to fully shoulder their responsibilities in reviving Lebanon’s struggling financial sector. “You bear the heavy responsibility of restoring the confidence of the ...

Lebanon and Iraq Deepen Energy Ties with Renewed Oil Agreement

This is Beirut, 06/05 18:27 - Reading : 1 minute(s)

Lebanon Iraq Central Bank Baghdad Energy Oil agreement

Lebanon and Iraq have renewed a key energy deal through which Baghdad will supply Beirut with two million tons of crude oil, now under new payment terms that reflect shifting regional dynamics. In a notable departure from past arrangements, Lebanon has agreed to settle its dues in US dollars via direct transfers from the Banque du Liban, ending ...

Does the State Belong to a Party or to Everyone?

Johnny Kortbawi, 11/04 16:00 - Reading : 3 minute(s)

Hezbollah central bank Lebanon

One of the biggest questions since the outbreak of the crisis in the fall of 2019 concerns the issue of determining responsibility for the losses that led to the default on payments, the suspension of external debt servicing and the freeze on deposits. In reality, the way one views the Lebanese economy is the main driver behind the different ...

Before Restructuring Banks, the Government Must Acknowledge the Systemic Crisis

This is Beirut, 10/04 14:15 - Reading : 5 minute(s)

Banks International Monetary Fund Central Bank

Lebanon’s Cabinet approved on Tuesday the statement of justification for the draft law on the reorganization of banks, with a follow-up session scheduled for Friday to finalize the text. The initiative is framed by two core principles the government says it upholds: safeguarding depositors’ rights and revitalizing the banking sector so it can ...

Finance and Economy Ministers and Central Bank Governor Discuss Reforms with Ortagus

This is Beirut, 06/04 13:40 - Reading : less than a minute

Morgan Ortagus Economic reforms Central Bank

A meeting was held this morning between Minister of Finance Yassine Jaber, Minister of Economy Amer Bisat and Governor of the Central Bank Karim Souhaid with US envoy Morgan Ortagus. The discussion focused on the reform process launched by the Lebanese government. The officials presented the reform laws that have already been passed and are in ...

Search
Latest news