The headquarters of the Association of Banks in Lebanon in Beirut, August 7, 2025. Philippe Hage Boutros/L’Orient-Le Jour WhatsAppImage2025-11-19at123558PM_877383_974034_598062_727355
It was hardly a surprise. As soon as the draft law on the distribution of losses and the restitution of bank deposits (frozen since the onset of the 2019 crisis) began circulating, the Association of Banks in Lebanon (ABL) — one of the main parties affected by its provisions — came out firmly against it. In a statement published Sunday evening, the ABL objected to measures that “constitute, as a whole, an unjustified and unacceptable infringement on the rights of banks and depositors, and which lack scientific, legal and financial standards, as well as precedents established to deal with banking crises in other countries.” The details you (may have) missed Return of deposits: Six key issues to understand the government’s draft law Expected for more than six years, the draft law is meant to determine how losses estimated at more than...
It was hardly a surprise. As soon as the draft law on the distribution of losses and the restitution of bank deposits (frozen since the onset of the 2019 crisis) began circulating, the Association of Banks in Lebanon (ABL) — one of the main parties affected by its provisions — came out firmly against it. In a statement published Sunday evening, the ABL objected to measures that “constitute, as a whole, an unjustified and unacceptable infringement on the rights of banks and depositors, and which lack scientific, legal and financial standards, as well as precedents established to deal with banking crises in other countries.” The details you (may have) missed Return of deposits: Six key issues to understand the government’s draft law Expected for more than six years, the draft law is meant to determine how losses estimated at...
