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Riad Salameh

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Lebanon: Gov't To Decide on Circular Regulating Bank-Customer Relationships
February 2nd, 2020 - 06:48 GMT

Lebanon: Gov't To Decide On Circular Regulating Bank-customer Relationships

The Lebanese government has taken a central bank circular aimed at regulating the relationship between banks and their customers and will study and decide on it within days, Finance Minister Ghazi Wazni told LBC broadcaster Saturday. Lebanese banks, seeking to prevent capital flight, have tightly controlled access to deposits and blocked most foreign transfers since October, when anti-government protests brought a long-brewing Lebanese economic crisis to a head. However, the ...
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Central bank took all precautionary measures to prevent instability from affecting Lebanon’s financial sector
May 8th, 2012 - 09:46 GMT

Lebanese banks in Syria unscathed by crisis

The agreement that would include phasing out customs and fees on imports and exports between the two countries
May 3rd, 2012 - 10:05 GMT

Iran finds a free-trade partner in Lebanon

Banks and financial institutions which fail to abide by these measures may be the target of sanctions by the U.S. and Europe
March 21st, 2012 - 07:01 GMT

Lebanon committed to Syria and Iran sanctions, officials tell U.S.

Syria's reserves are suffering, although earlier in the year, they were reported at $18 billion
January 9th, 2012 - 05:04 GMT

In pretty bad shape - Syria’s economy 9-months into the crisis

The turmoil in Syria, which is weighing on Lebanese banks operating there, will have minimal impact on banks because the affiliates account for a small percentage of profits, Nassib Ghobril, head of Economic Research at Byblos Bank said
December 29th, 2011 - 08:46 GMT

Lebanon banks’ 2012 growth hinges on regional changes

Lebanon and Iraq are poised to provide economic corridors for their crisis-hit neighbor without explicitly breaching the restrictions, experts say
December 6th, 2011 - 09:34 GMT

Sanctions-hit Syria eyes Lebanon, Iraq economic corridors

The number of tourists fell by more than 25 percent since the anti-regime demonstrations erupted in Syria
December 1st, 2011 - 07:28 GMT

Syria sanctions risk Lebanon trade routes

The governor warned that reforms would not materialize if political detente was absent between the various Lebanese groups
October 30th, 2011 - 08:34 GMT

Any salary hike will cause inflation to rise in Lebanon

About 66 percent of deposits in Lebanon are in foreign currencies, 90 percent of which are in U.S. dollars
September 29th, 2011 - 07:35 GMT

Lebanon is safe from EU crisis

The Central Bank and the Association of Banks in Lebanon have vehemently denied press reports that claimed that over $20 billion in cash have fled from Syria to Lebanon
September 27th, 2011 - 02:56 GMT

U.S. queries Syrian deposits in Lebanon

 Lebanese banks hold about 70 percent of the nation’s debt and are “highly” liquid with an average loan-to-deposit ratio of 35 percent, Credit Libanais SAL said in July
August 24th, 2011 - 10:36 GMT

Lebanon safer than Dubai on loaded lenders

According to the prime minister’s office, inflation during the first seven months was 1.31 percent, compared to 0.18 percent in the first seven months of 2010, indicating an acceleration of price increases so far this year
August 23rd, 2011 - 09:16 GMT

Lebanon’s annual inflation rate down to 2.26 percent in July

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