The Central Financial institution has lately unveiled a directive, clearly stating its stance in opposition to banks imposing new charges on accounts that have been opened previous to October 2019. This transfer requires all business banks to be clear, obliging them to supply complete particulars about any charges they plan to impose on their clientele. […]
The Governor of the central financial institution of Lebanon, Riad Salameh, is accused of embezzling between $300 million and $500 million, a considerable quantity of which has reportedly landed within the accounts of 12 Swiss banks. These allegations had been printed by Swiss weekly, SonntagsZeitung, on Sunday. A Lebanese decide has lately initiated new proceedings […]
The Affiliation of Banks in Lebanon launched a press release on Sunday, confirming that its ongoing strike will proceed, denying rumors of its supposed finish. Within the assertion, the Affiliation of Banks rebuked the unfold of false information relating to the strike, stating that they make official bulletins solely by means of their “official channels, […]
Protesters are burning tires in entrance of a number of banks on Badaro Avenue. The protests escalated as some demonstrators reportedly smashed the home windows of the banks within the space and set them on hearth. Byblos, BBAC, and Credit score Financial institution branches in Badaro have additionally been vandalized by the protesters. Beirut Metropolis […]
The top of the Syndicate of Banks’ workers in Lebanon, Assad Khoury, introduced on Thursday, October 7, that the Affiliation of Banks had determined to strike on Friday, as a result of continued “encroachments” on banks. Assad Khoury mentioned to Anadolu Company, “The affiliation determined to shut the doorways of the banks on Friday, October 8, […]
Amid the worsening and lengthening banking disaster in Lebanon, frustrations appeared to have reached an excessive stage with some depositors, compelling them to take radical motion: raiding the banks, armed, to demand their cash. This week alone, Lebanon witnessed a collection of raids, extra so with a number of in sooner or later; immediately, Friday. […]