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Lebanon Debate: Gap Law Risks Bankrupting Banks, Wiping out Depositors

This is Beirut, 2025-12-18 12:40 - Reading : 4 minute(s)

Banks Central Bank of Lebanon Lebanon Banque du Liban Nawaf Salam

The following article, originally written on Thursday by Lebanon Debate, is reproduced here in full to highlight their analysis of the proposed financial gap bill and its potential impact on depositors and the Lebanese banking sector: “Once again, Nawaf Salam’s government is rushing to pass the financial gap law before the end of the year, ...

Urgent Appeal to Stop the Financial Conspiracy Threatening Depositors and Banks

This is Beirut, 2025-12-18 12:10 - Reading : 2 minute(s)

Lebanon Banks International Monetary Fund

Lebanon Pulse published a sharply critical message from a depositor addressed to Nawaf Salam, Yassin Jaber, and Amer Bsat, accusing them of playing a central role in what the text describes as a conspiracy that began before 2019 and has culminated today with severe consequences for depositors and the banking sector. In the message, the author ...

Parliament Approves $250 Million World Bank Reconstruction Loan

This is Beirut, 2025-12-18 11:55 - Reading : 1 minute(s)

Lebanese Forces Lebanon Banks Hezbollah Israel Reconstruction

Despite a boycott by Lebanese Forces and Kataeb MPs, Lebanon’s parliament met Thursday morning and approved a World Bank loan intended to support reconstruction in the war-torn south. Lebanon has been working with the World Bank on a roughly $250 million loan under the Lebanon Emergency Assistance Project aimed at supporting efforts to ...

Yacoubian Defends “Gap Law” as Depositors Decry Losses

This is Beirut, 2025-12-17 20:00 - Reading : 3 minute(s)

Paula Yacoubian Banks Lebanon

In a video shared by the page El Haweyah, MP Paula Yacoubian defended the so-called “gap law” bill, presenting it as an indispensable reform and an “achievement” of Nawaf Salam’s government in the context of a prospective agreement with the International Monetary Fund (IMF). According to her, the bill would constitute the third ...

Depositors’ Cry Association: Yassine Jaber, Accomplice or Powerless in the Banking Crisis?

This is Beirut, 2025-12-15 11:50 - Reading : 1 minute(s)

Banks Nawaf Salam Yassine Jaber Finance Minister Lebanon

The Depositors’ Cry Association sharply criticized Finance Minister Yassine Jaber over the proposed Financial Gap Law, accusing him of failing to protect bank customers’ funds amid Lebanon’s ongoing banking crisis. In a statement, the association questioned whether Jaber is “a conspirator on depositors’ money” or simply ...

Financial Gap Threatens Depositors Amid Government Inaction

Nadia al-Hallak for Houna Loubnan, 2025-12-13 20:12 - Reading : 6 minute(s)

Banks Central Bank of Lebanon Banque du Liban Middle East

Amid ongoing government debates over the draft law addressing the financial shortfall and the fate of deposits, concern is growing within economic and banking circles over the plan’s potential direction. Each new draft leak highlights a deep disagreement—over how losses should be allocated and the extent of the burden the state must shoulder ...

Jaber’s Blunt Truth: The Law that Destroys Banks and Wipe Out Savings

This is Beirut, 2025-12-13 14:30 - Reading : 2 minute(s)

Lebanon Banks

Finance Minister Yassine Jaber did not mince words: “The banks will be the first losers” if the Financial Gap Law is enacted. And if the banks lose, depositors inevitably lose too. The draft law places the full burden of repaying deposits on the banks alone — a move that would inevitably destroy the Lebanese banking sector and wipe out ...

Financial Restructuring: Fadi Khalaf Cautions Against a “Partial” Approach

This is Beirut, 2025-12-08 13:00 - Reading : 1 minute(s)

Banks Lebanon ABL Central Bank of Lebanon

The Secretary-General of the Association of Banks in Lebanon (ABL), Dr. Fadi Khalaf, has cautioned that any financial restructuring confined to the banking sector is likely to fail unless accompanied by comprehensive state reform. In his editorial for the ABL’s November report, published Monday, Khalaf emphasized that Lebanon’s ...

Iraq Reverses Hezbollah, Houthi Asset Freeze, Calls It ‘Mistake'

This is Beirut, 2025-12-04 11:25 - Reading : 2 minute(s)

Hezbollah Lebanon Banks Gulf United Kingdom Iraq Houthis

Iraq's central bank on Thursday said the appearance of Lebanon's Hezbollah and Yemen's Houthis on a frozen assets list was a mistake, and ordered the correction of the official announcement, according to a document seen by AFP. An official gazette issue dated November 17 published a decision about Iraq freezing the assets of ...

Fadi Khalaf: Lebanon Is on the Path to Economic Restructuring

This is Beirut, 2025-11-27 18:10 - Reading : less than a minute

Fadi Khalaf Association of Banks in Lebanon Union of Arab Banks Banks

The Secretary General of the Association of Banks in Lebanon, Fadi Khalaf, stated that the country is beginning to return to the path of economic recovery, considering the return of the Union of Arab Banks to Lebanon as a promising sign of hope. However, he warned that the Lebanese State’s failure to comply with the conditions set by Arab ...

The Crisis, the State, and the Banks

Liliane Mokbel, 2025-11-27 15:10 - Reading : less than a minute

Banks Lebanon Crisis IMF

The State must acknowledge its main share of responsibility in the crisis. Yet nothing suggests it is ready to do so. The political class opposes it, and the plan supported by the IMF also seeks to absolve those responsible at the expense of depositors.  

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