14 Hrs
Source:
LBCI Lebanon
Source: LBCI Lebanon
14 HrsLBCI Lebanon
Source: LBCI Lebanon
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The Central Bank of Lebanon announced that closed-door consultations would be held in Paris on October 27 and 28, 2026, with the participation of banks selected by the Association of Banks in Lebanon and the Bank’s financial advisers. The meetings would discuss the implementation of any future financial-stability and deposit-recovery law. Discussions focused on recapitalizing banks and addressing losses, as well as assessing liquidity and assets that could be converted into cash to determine the funds available for repaying deposits and realistic timelines for doing so—without making promises beyond actual capacity. The Bank stressed that banks are partners in returning deposits and supporting economic recovery. Meanwhile, the Governor held meetings in Paris with French and U.S. officials and with lawyers following lawsuits involving the embezzlement of Bank funds, fraud, and illicit enrichment.
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