Lebanese police officers face protesters outside the headquarters of the Banque du Liban in Beirut on Nov. 11, 2019, during the economic crisis. (Credit: Anwar Amro/AFP via Getty Images)
As the first outlines of the Banque du Liban’s (BDL) plan designed to organize the repayment of deposits frozen since the onset of the 2019 economic and financial crisis become clearer, commercial banks have begun revising their calculations.Although the proposal remains preliminary and is still being debated, the details emerging so far already allow banks to assess the scale of their expected contribution. This assessment will prove crucial, as the amount they ultimately have to absorb will determine each bank’s recapitalization needs and required capital base. It will also decide whether, in the future, it can continue operating independently, must merge with another institution, or whether it will have to be liquidated. More from Mounir BDL demands $600 million a year from the state and a quarter of privatization proceeds ...
As the first outlines of the Banque du Liban’s (BDL) plan designed to organize the repayment of deposits frozen since the onset of the 2019 economic and financial crisis become clearer, commercial banks have begun revising their calculations.Although the proposal remains preliminary and is still being debated, the details emerging so far already allow banks to assess the scale of their expected contribution. This assessment will prove crucial, as the amount they ultimately have to absorb will determine each bank’s recapitalization needs and required capital base. It will also decide whether, in the future, it can continue operating independently, must merge with another institution, or whether it will have to be liquidated. More from Mounir BDL demands $600 million a year from the state and a quarter of privatization proceeds ...
