
Syria Urges Banks to Provision Their Claims on Lebanon
Liliane Mokbel, 17:20 - Reading : 2 minute(s)
Banks Damascus Syria Lebanon economy
The Central Bank of Syria has given domestic banks a six-month deadline to fully provision their claims on the Lebanese banking sector, estimated at $1.6 billion, according to a circular cited by Reuters. The directive does not specify the exact nature of these claims – whether deposits, placements or financial investments – making their ...