The Lebanese economic bodies issued a statement expressing their condemnation of the "fierce attack on the banking sector on multiple levels, particularly what occurred last Thursday when branches of some banks in the Badaro area were attacked and their ATMs were burned."
The economic bodies warned that "what the nation is going through in terms of severe crises on various levels necessitates that everyone approach the situation with rationality and high responsibility to navigate this phase with the least possible losses and to preserve what remains of resources, especially the rights of depositors."
In their statement, the bodies pointed out that "the financial and economic recovery plan they prepared and submitted to the authorities and officials in the country aims primarily to return deposits to depositors, and in this context, the plan places responsibility on the state, the Central Bank, and the banks as well."
While announcing their strong commitment to the rights of depositors first and foremost, the bodies warned that the solution does not lie in destroying what remains of capabilities and institutions or in sabotaging the banking sector, "because such actions would eliminate all remaining deposits." They emphasized that the solution solely lies in the state fulfilling its fundamental responsibilities by approving a comprehensive, scientific, objective, fair, and reliable rescue and recovery plan, which includes addressing the banking sector and deposit crisis as one of its main items.
