CEO of Bank of Beirut, Salim Sfeir (left), at the time of succeeding the CEO of Crédit Libanais, Joseph Torbey, as the head of the ABL, in June 2019.
Away from the spotlight since the start of the 15 months of clashes followed by the war between Hezbollah and Israel, the Association of Banks in Lebanon (ABL) will meet on Wednesday to renew its board of directors, led for nearly six years by Salim Sfeir, the head of Bank of Beirut (BoB).The information was confirmed by the ABL Secretary-General Fadi Khalaf. The other members of the approximately 50 banks represented – and who wish to participate – are expected to meet at noon at the ABL headquarters in Beirut.The election does not seem to engage all the members of the association.“I will not be personally attending,” says Jean Riachi, CEO of I&C Bank, who has distanced himself from an entity that he believes no longer has the ability or legitimacy to fully play its lobbying role, given what has happened over more than five years of...
Away from the spotlight since the start of the 15 months of clashes followed by the war between Hezbollah and Israel, the Association of Banks in Lebanon (ABL) will meet on Wednesday to renew its board of directors, led for nearly six years by Salim Sfeir, the head of Bank of Beirut (BoB).The information was confirmed by the ABL Secretary-General Fadi Khalaf. The other members of the approximately 50 banks represented – and who wish to participate – are expected to meet at noon at the ABL headquarters in Beirut.The election does not seem to engage all the members of the association.“I will not be personally attending,” says Jean Riachi, CEO of I&C Bank, who has distanced himself from an entity that he believes no longer has the ability or legitimacy to fully play its lobbying role, given what has happened over more than five...