Fransabank. (The Daily Star/Mahmoud Kheir)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The U.S. decision to gradually lift the sanctions on Iran should in theory induce many countries to explore business prospects in this country, which has massive wealth and a population of over 77 million.Lebanese banks, with deposits of more than $150 billion, seemed very cautious if not reluctant to take a hasty and risky decision to do any business with Iran.I don't think any Western bank is eager to make any move toward Iran until the sanctions are fully lifted," Joe Sarrouh, the adviser to the chairman of Fransabank, told The Daily Star.He added that some European banks have been fined billions of dollars by the Americans for doing business with Iran before the sanctions were lifted.
Lebanon vows action after mixed financial ratings
Lebanese banks need to adjust: Baz
No imminent threat to pound, economists, bankers say
FOLLOW THIS ARTICLE