Bank recapitalization: BDL estimates capital needs at $2.2 billion — on its own terms
Lebanon's 14 largest banks alone would account for $1.8 billion of the sector's recapitalization needs, while 25 smaller banks would require an additional $450 million.
Banque du Liban (Central Bank, BDL) has completed a preliminary assessment of the banking sector's recapitalization needs, estimating them at $2.268 billion. However, the central bank has made the implementation of this plan contingent on the adoption of several amendments to the draft laws on bank restructuring and on financial stability and deposit restitution, which are currently under discussion.According to the document, which L'Orient-Le Jour obtained a copy of, BDL presents its recapitalization framework as an indivisible package of measures, arguing that the banking sector's restructuring and the repayment of deposits can only succeed if all of them are adopted.The central bank reiterates several amendments it considers essential — previously revealed by L'Orient-Le Jour — including proposals to extend the deposit...
Banque du Liban (Central Bank, BDL) has completed a preliminary assessment of the banking sector's recapitalization needs, estimating them at $2.268 billion. However, the central bank has made the implementation of this plan contingent on the adoption of several amendments to the draft laws on bank restructuring and on financial stability and deposit restitution, which are currently under discussion.According to the document, which L'Orient-Le Jour obtained a copy of, BDL presents its recapitalization framework as an indivisible package of measures, arguing that the banking sector's restructuring and the repayment of deposits can only succeed if all of them are adopted.The central bank reiterates several amendments it considers essential — previously revealed by L'Orient-Le Jour — including proposals to extend the...
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