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Association of Banks

Association of Banks latest

Lebanon: Number of Banks Closed Due to Furious Clients' Demands
January 5th, 2020 - 08:15 GMT

Lebanon: Number of Banks Closed Due to Furious Clients' Demands

Banks in a region of northern Lebanon were closed until further notice on Saturday, the National News Agency said, after lenders balked at customer anger over a liquidity crisis. Since September banks have arbitrarily capped the amount of dollars that can be withdrawn or transferred abroad, sparking fury among customers who accuse lenders of holding their money hostage. There is also a limit on Lebanese pound withdrawals. Clients wanting dollars ...
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Lebanon: Banks Pledge to Protect Employees
November 12th, 2019 - 07:27 GMT

Lebanon: Banks Pledge to Protect Employees

Banks have confirmed that they are ready to deal with any law passed by the Lebanese Parliament in the future. (Shutterstock/F. Selivanov)
March 23rd, 2015 - 08:31 GMT

Swiss banker: Era of banking secrecy is officially over

Al Bawaba
December 8th, 2014 - 03:14 GMT

The Middle East's Switzerland? Lebanon's banking secrecy is here to stay

“The size of the Lebanese banks in Iraq maybe too small compared to the huge Iraqi market. Iraq’s seven state-owned banks have 80 percent of assets and 90 percent of total deposits in the country. However, we are going to the Iraqi market to serve new clients,” Bassil said.
April 27th, 2014 - 02:55 GMT

Misery loves company? Lebanese banks announce their intention to pursue Iraq's banking sector

Al Bawaba
March 9th, 2014 - 02:00 GMT

Can privatization save Lebanon's economy?

The 13 banks booked $90.06 million in credit loss provisions during the period, down from $141.12 million in the same quarter of 2012
July 30th, 2013 - 05:47 GMT

Lebanon in severe profit loss if political instability persists

The Association of Banks in Lebanon will comply with any sanctions imposed after two firms were accused of money laundering and financing Hezbollah
April 29th, 2013 - 07:18 GMT

ABL to comply with any US-led sanctions

Banking sector workers are threatening more industrial action
April 16th, 2013 - 12:08 GMT

Lebanese bankers vow fresh protests

Arab banks have threatened a pull out from Cyprus (YIANNIS KOURTOGLOU / AFP)
March 19th, 2013 - 06:34 GMT

Arab banks threaten Cypriot pullout over new tax plans

Bank workers in Lebanon are taking industrial action over labor agreements
March 18th, 2013 - 12:46 GMT

Now its the bankers turn: more industrial action in Lebanon

Lebanese banks still could reap benefits from Syria once the conflict is over, the head the Association of Banks has said
December 16th, 2012 - 03:00 GMT

Lebanon's banks still want Syrian money

The proposed tax will target newly constructed buildings in Beirut and other regions and would allow developers to rise higher than current zoning regulations permit
December 12th, 2012 - 11:28 GMT

Lebanon's PM Walking to economic tightrope

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