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الكتائب اللبنانية
Source: الكتائب اللبنانية
2 Daysالكتائب اللبنانية
Source: الكتائب اللبنانية
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After Banque du Liban withdrew Bank Saderat Iran’s license, paving the way for its closure, procedures for dealing with depositors and borrowers remain unclear. However, banking sources and a source at the bank said that deposits—in both dollars and Lebanese pounds—were limited, and that the bank could repay its depositors before closing its five branches, which employ around 35 people. The bank’s employees and management are seeking to reverse the decision to avoid layoffs, while banking sources attributed the move to political considerations related to correspondent banks and the US Treasury, rather than to a financial crisis at the bank.
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