Lebanese Bank Association building in Beirut, Friday, May 26, 2017. (The Daily Star/Ahmad Azakir)
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)
Last-minute efforts to avoid elections at the Association of Banks in Lebanon failed Friday after the main contenders insisted on running for president.According to a statement from ABL, Torbey's list will include Bank Audi, BLOM Bank, Byblos Bank, SGBL, Fransabank, Credit Libanais, Lebanese Swiss Bank and Fenicia Bank. Sfeir is expected to announce the names of the eight banks that will challenge Torbey's list at a news conference Monday.Some critics say that ABL should break the 23-year-old habit of imposing the will of the big players on the remaining members.They added that the association has 63 members and many of them feel that they are not adequately represented in the board of directors.
Dollar demand ‘nothing unusual’, Lebanese bankers say
Lebanon to pay top yield on new Eurobonds
S&P: Lebanon FX reserves enough for a year
FOLLOW THIS ARTICLE