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Source: Dubai – Arabia.net
The Financial Times revealed a visit by six of the top bankers to Paris after they were “turned away” by foreign banks.
Lebanese bankers tried to defend their point of view to French officials.
The newspaper quotes these bankers as saying they want to play a role in rebuilding Lebanon. The Lebanese Association of Banks described the meetings as fruitful.
In addition, the Governor of the Banque du Liban, Riad Salameh, gave the banks an ultimatum to resolve their situation next February under the threat of laying the Banque du Liban’s hand on the backward banks and demanding that the banks rebuild your capital and liquidity.
And the new liquidity requirements imposed an increase in its capital by 20% of its shares, up to $ 4 billion.
On the other hand, the delegate of the “National News Agency in Lebanon” stated that a group of protesters entered a bank in the center of Beirut (the main center), to demand money from depositors.
This step is part of the protesters ‘calls to enter all the banks, protest the financial policy and find out the destination of the depositors’ money.
Banks have faced a crisis since last year after political turmoil, as remittances from expatriates slowed and foreign exchange liquidity declined, prompting the government to scramble to finance a mountain of debt. Depositors’ dollar savings were frozen.
The Lebanese crisis worsened after the resignation of the government after the huge explosion that shook the port of Beirut on 4 August and destroyed parts of the capital. Efforts to form a new non-partisan government of ministers and specialists have failed due to sectarian politics.
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