24 Hrs
Source:
LBCI Lebanon
Banking warns on large deposit rulings
The article focused on warnings from banking sources in Lebanon regarding the consequences of issuing individual judicial rulings to repay large deposits to certain depositors at the expense of small depositors, prior to the adoption of a comprehensive legislative framework to address the financial crisis. The sources emphasized that depositors’ right to their funds is legitimate, but ongoing individual rulings could lead to inequality among depositors, as rights would be prioritized based on the ability to resort to the courts. This threatens a fair distribution of losses and undermines legislative efforts aimed at protecting the broader segments, especially those whose deposits amount to around one hundred thousand dollars.
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