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Press release from Banque du Liban

The Governor of Banque du Liban met yesterday (Thursday) with senior U.S. Treasury officials and was assured that the United States Department of the Treasury’s recent finding on the Lebanese Canadian Bank is focused on that bank’s activities and does not reflect a decision to target the Lebanese banking sector.

This statement came out subsequent to a meeting held on Thursday, Feb. 24, 2011 in Washington DC, hosted by Under Secretary Stuart Levey and attended by other Treasury Department officials as well as Governor Riyad Salameh, First Vice Governor Raed H. Charafeddine, Third Vice Governor Dr. Mohamad Baasiri, Secretary of the Special Investigation Commission Abdel Hafiz Mansour, and Lebanese Ambassador to the U.S. Mr. Antoine Chedid.

Salameh said: “The meeting was constructive in addressing the concerns of both parties. Possible options and processes were considered to resolve the current situation with the Lebanese Canadian Bank and both parties affirmed their continued commitment to mutually-beneficial cooperation.”

 

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