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Tag: Association of Banks in Lebanon (ABL)

ABL announces bank closings on Thursday

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The Association of Banks in Lebanon announced the closure of banking establishments on Wednesday, "in order to preserve the safety of employees in the...

Student dollar, the President of the Republic explains: it is a question of forcing...

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The President of the Republic, General Michel Aoun, issued a press release, indicating that he had asked the parliament to amend the law aimed...
Le premier ministre Najib Mikati en compagnie du ministre des finances Youssef Khalil et le gouverneur de la Banque du Liban Riad Salamé. Crédit Photo: Dalati & Nohra

Depositors, the main victims of the banking sector rescue project

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While the losses of the banking sector would be estimated at 69 billion dollars, the committee in charge of studying the question constituted by...
The headquarters of the Association of Banks of Lebanon after the explosion of the Port of Beirut. Photo Credit: Libnanews.com

Lebanese banks – already insolvent – refuse to repatriate the sums of their leaders...

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If there were any doubts, Lebanese banks threaten to close their curtains, according to a press release from the Association of Banks in Lebanon,...

While the Banque du Liban imposes Sayrafa, it also helps to degrade the parity...

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While the first Lebanese banks have started the application of circular 161 of the Banque du Liban allowing the conversion of salaries into dollars...
The logo of the daily Al Akhbar

The Lebanese financial system is riddled with corruption (Brian Nelson)

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The daily Al Akhbar indicates that the American treasury would seek the cooperation of the Association of Banks of Lebanon and that a meeting...

Banque du Liban provides dollars to banks at Sayrafa rate

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The Banque du Liban published circular 161 indicating that it will provide foreign currencies to local banks on the basis of the rate of...
The headquarters of the Association of Banks of Lebanon after the explosion of the Port of Beirut. Photo Credit: Libnanews.com

French justice demands the repayment of 2.5 million dollars blocked by a Lebanese bank

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The 9th chamber of the Paris Judicial Tribunal has decided to reimburse all of the sums deposited - equivalent to 2.5 million euros -...

Faced with the paralysis of his government, the Prime Minister is taking controversial measures...

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Faced with the paralysis of his government due to the controversy following the indictment of several relatives of political leaders as part of the...

Lebanon: complex relations between government, parliament and economic bodies could complicate negotiations with the...

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The complex relations between the executive, legislative and economic bodies could complicate the negotiation process with the International Monetary Fund, observers say, while a...
Riad Salameh, governor of Lebanon's central bank, speaks to the Financial Times in his office in Beirut, Lebanon, on October 30, 2017. [Sam Tarling for the Financial Times]

An association of depositors files a complaint against Riad Salamé

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An association called "Cries of depositors" lodged a new complaint against the governor of the Banque du Liban. This complaint was lodged with the...

40 to 60 billion Syrian funds frozen by Lebanese banks, accuses Bashar al-Assad

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Syrian President Bashar al-Assad accused Lebanese banks of having frozen 40 to 60 billion dollars of funds originating in Syria, limiting the capacity of...