File - Francois Bassil attends a meeting in Beirut, Monday, May 19, 2014. (The Daily Star/Mohammad Azakir)
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The Association of Banks in Lebanon rose to the defense of the banking sector Thursday in the face of a "virulent campaign" from some news media and political quarters.Speaking to the publishers and editors of newspapers, magazine and TV stations as well as advertising agencies at the Phoenicia Hotel, ABL President Francois Bassil accused some columnists of portraying a false image of the banking sector for ulterior motives.ABL has called for a one-day meeting after certain news media systematically attacked the Lebanese banking sector.Following the presentations and speeches, some newspaper and magazine editors remarked about the role of the banks in Lebanon and urged them to increase cooperation with all news media. Some even urged the banks to increase their advertising in the papers and magazines to help these news media survive the difficult prevailing economic conditions.
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