This is Beirut, 26/05 12:40 - Reading : 2 minute(s)
ABL Banks Banque du Liban Fadi Khalaf
In the editorial of its monthly report titled “A New Phase on the Horizon,” the Secretary-General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, emphasized that no economic recovery plan can succeed without serious cooperation among all stakeholders. He stressed that this partnership must ensure the protection of depositors' rights ...
This is Beirut, 28/04 12:45 - Reading : 2 minute(s)
ABL Banks Central Bank of Lebanon Fadi Khalaf
Fadi Khalaf, Secretary General of the Association of Banks in Lebanon (ABL), is calling for a realistic restructuring plan that balances financial reform with the protection of depositors' rights amid an unprecedented systemic crisis. In the editorial of the ABL's monthly report, titled “A Realistic Vision for Restructuring: Between Reform and ...
Liliane Mokbel, 15/02 12:00 - Reading : less than a minute
In 2024, the total value of fresh dollar checks cleared amounted to $302 million, according to data from the Association of Banks in Lebanon (ABL) and the research department at Bank Audi. On average, $25.2 million in fresh dollar checks were cleared each month throughout the year. The value of these checks experienced a monthly increase of 17%, ...
This is Beirut, 27/01 13:40 - Reading : less than a minute
The President of the Republic, Joseph Aoun, emphasized that resolving the issue of deposits requires “coordinated efforts.” He made these comments during a discussion with a delegation from the Association of Banks in Lebanon (ABL), led by its president, Salim Sfeir. President Aoun stated that “resolving the banking crisis requires ...
This is Beirut, 2024-10-21 21:40 - Reading : 3 minute(s)
ABL Banks Central Bank of Lebanon
The Secretary-General of the Association of Banks in Lebanon, Fadi Khalaf, stated that “the new policies adopted by Lebanon’s Central Bank (BDL) indicate a clear change in its approach to managing the financial crisis.” He welcomed “these measures, which reflect the Central Bank’s commitment to achieving as much monetary and financial ...
Liliane Mokbel, 2024-10-11 11:05 - Reading : 3 minute(s)
ABL Banks Banque du Liban Central Bank of Lebanon
In its meeting on October 9, 2024, the Central Council of Banque du Liban (BDL) amended main circular No. 166, extending its benefits to depositors who converted their funds from Lebanese pounds to foreign currencies after October 30, 2019. The council also updated main circular No. 147, requiring banks to return outstanding or circulating bank ...
This is Beirut, 2024-10-08 19:35 - Reading : less than a minute
ABL Banks Banque du Liban Central Bank of Lebanon
The Board of Directors of the Association des Banques du Liban (ABL) met with the First Deputy Governor of the Banque du Liban (BDL), Wassim Mansouri, in the presence of his deputies, to discuss the situation of the banking sector in light of the difficult circumstances facing the country. Participants stressed the need to continue providing ...
This Is Beirut, 2024-08-19 17:16 - Reading : 2 minute(s)
The Secretary General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, indicated that despite the significant efforts made by the Central Bank of Lebanon (BDL) to avoid including Lebanon on the gray list, and keep the banks clear from thorough monitoring of transfers, major challenges remain. He stressed that Lebanon is still under ...
This Is Beirut, 2024-07-22 17:59 - Reading : 1 minute(s)
Secretary General of the Association of Banks in Lebanon (ABL) Fadi Khalaf said, in the preamble of the association's monthly report titled “The return of loans will contribute to the recovery of deposits,” that restoring the banking sector's normal role, particularly in the field of credit, is essential to getting the Lebanese economy moving ...
Liliane Mokbel, 2024-07-17 20:46 - Reading : 4 minute(s)
The Ministry of Finance has directed the Association of Banks in Lebanon (ABL) to notify its members to provide a list of their clients, individuals and entities, including names, addresses and tax registration numbers, who have repaid their debts in bank dollars or lollars. This request is based on provisions of tax procedural law and aims to ...
This Is Beirut, 2024-07-10 18:53 - Reading : less than a minute
The general assembly of the Association of Banks in Lebanon (ABL), scheduled for Wednesday, was postponed due to a lack of quorum. According to the Al-Markazia news agency, a banking source indicated that the current mandate of the association's board of directors has not yet expired. Therefore, the board will continue to perform its duties until ...
Maurice Matta, 2024-07-09 14:10 - Reading : 4 minute(s)
The Association of Banks in Lebanon (ABL) is preparing to elect its new board of directors next Wednesday. Consensus has historically shaped the outcome of each election, and this year's electoral process is equally critical, mirroring the importance of the two previous ones, given the precise circumstances, ongoing presidential vacancy, financial ...