Salameh greets Environment Minister Mohammad Machnouk at the conference. (The Daily Star/Mohammad Azakir)
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The Central Bank will not allow the bankruptcy of any lender, regardless of its size, its governor said Wednesday.Salameh said earlier that the Central Bank would help merger or acquisition among Lebanese banks in a bid to protect customer deposits.The Arab Banking Integration Conference, which was organized by the Union of Arab Banks, is aimed at highlighting the importance of Arab banking integration and cooperation to achieve economic integration and development.Salameh said the Central Bank would keep on monitoring the spread of Lebanese banks' branches outside the country in addition to their investments abroad. Salameh said that the Central Bank has previously requested that all banks create committees dedicated to estimating investment risks while ensuring good governance.
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