File - Lebanon’s Central Bank.
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Lebanon and Cyprus will form a joint banking committee to strengthen financial ties between the two countries, according to a statement released Sunday by Lebanon's Central Bank.Lebanese banks make up the largest national grouping on the eastern Mediterranean island, with nine lenders operating branches in Cyprus and two Cypriot banks owned by Lebanese banks.Central Bank Governor Riad Salameh headed the Lebanese delegation to Cyprus, accompanied by the heads of the Association of Banks in Lebanon and the Banking Control Commission.
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