Lebanon's Banking Association: We Stand Ready to Support Mansouri

The Board of Directors of the Association of Banks in Lebanon praised the aspirations and goals of Governor Wassim Mansouri, expressing their support and readiness to assist him in achieving fair and effective solutions that would swiftly steer our beloved country out of the current severe crisis. In a statement, they expressed complete satisfaction with the resolve demonstrated by the governor regarding the Central Bank of Lebanon's commitment to fully adhere to existing laws, particularly concerning lending to the Lebanese state and preserving the mandatory placements of banks, which ultimately belong to depositors, similar to all other bank deposits at the Central Bank. The board also welcomed the governor's focus on advancing the necessary laws to resolve the systemic banking crisis, notably the Capital Control Law and the Banking Restructuring Law.