News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
31
o
Bekaa
34
o
Keserwan
32
o
Metn
32
o
Mount Lebanon
29
o
North
34
o
South
31
o
Live
Video
Audio
Schedule
shows
العربية
watching now
2:30pm news
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
31
o
Bekaa
34
o
Keserwan
32
o
Metn
32
o
Mount Lebanon
29
o
North
34
o
South
31
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Holding the state accountable: Association of Banks' monthly report highlights financial responsibility
News Bulletin Reports
2024-04-02 | 12:25
High views
Share
Share
2
min
Holding the state accountable: Association of Banks' monthly report highlights financial responsibility
Report by Bassam Abou Zeid, English adaptation by Yasmine Jaroudi
The opening editorial of the monthly report by the Association of Banks in Lebanon (ABL) highlights the state's responsibility towards its citizens and financial institutions.
Fadi Khalaf, the Secretary-General of ABL, emphasizes that it is the right and duty of the state to address the demands put forth by the banking sector and depositors. These demands include:
- Holding accountable those who misuse funds meant for supporting traders from others' money.
- Ensuring a fair distribution of profits without exploiting the hard work of others.
- Combating smuggling operations that siphon off depositors' savings across borders.
- Stabilizing a currency whose actual value has been revealed over time.
The report points out that the state bears responsibility for deposit depletion, citing the $51 billion in significant losses incurred by the Lebanese banking sector until 2020.
Furthermore, the state owes the Banque du Liban (BDL) $16.5 billion.
It is highlighted that BDL has squandered approximately $23 billion since the beginning of the crisis, primarily on supporting smuggling, traders, and the Lebanese lira.
Moreover, the absence of laws preventing borrowers from enriching themselves at the expense of depositors has led to a staggering $31 billion loss.
In summary, the state is held accountable for dissipating over $121 billion out of the initial $124 billion deposited in banks as of October 17.
Lebanon News
Lebanon Economy
News Bulletin Reports
State
Accountable
ABL
Association
Banks
Report
Financial
Responsibility
Next
Multi-front war: Israel braces for potential retaliation after Damascus attack
Terrorism patterns: History and locations of deadly attacks on gatherings
Previous
Related Articles
d-none hideMe
0
World News
2024-06-12
Zelensky lands in Saudi Arabia on unannounced visit: State media reports
World News
2024-06-12
Zelensky lands in Saudi Arabia on unannounced visit: State media reports
0
Lebanon News
2024-06-05
State Security arrests brother of US Embassy shooter: NNA reports
Lebanon News
2024-06-05
State Security arrests brother of US Embassy shooter: NNA reports
0
World News
2024-05-31
US State Department official resigns, says US report on Gaza's war inaccurate
World News
2024-05-31
US State Department official resigns, says US report on Gaza's war inaccurate
0
Middle East News
2024-05-29
Iran made sea-launched ballistic missile available to Houthis, Tasnim reports
Middle East News
2024-05-29
Iran made sea-launched ballistic missile available to Houthis, Tasnim reports
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:15
Banking crisis continues: New tax rules for loan repayments
News Bulletin Reports
13:15
Banking crisis continues: New tax rules for loan repayments
0
News Bulletin Reports
13:05
Health alert: Lebanon monitors FLiRTLB1 variant as symptoms spread
News Bulletin Reports
13:05
Health alert: Lebanon monitors FLiRTLB1 variant as symptoms spread
0
News Bulletin Reports
12:56
Israel on high alert after Al-Mawasi operation as Netanyahu exploits Trump's assassination attempt in political maneuvering
News Bulletin Reports
12:56
Israel on high alert after Al-Mawasi operation as Netanyahu exploits Trump's assassination attempt in political maneuvering
0
News Bulletin Reports
12:55
Trump's resurgence: How is the world preparing for a possible second term?
News Bulletin Reports
12:55
Trump's resurgence: How is the world preparing for a possible second term?
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Israel-Gaza War Updates
2024-06-30
Israeli tanks advance in northern and southern Gaza as fighting rages
Israel-Gaza War Updates
2024-06-30
Israeli tanks advance in northern and southern Gaza as fighting rages
0
Lebanon News
10:30
Germany arrests suspected Hezbollah member: Prosecutor
Lebanon News
10:30
Germany arrests suspected Hezbollah member: Prosecutor
0
Middle East News
06:30
Gunfire near Oman mosque kills four, including two Pakistanis
Middle East News
06:30
Gunfire near Oman mosque kills four, including two Pakistanis
0
News Bulletin Reports
13:05
Health alert: Lebanon monitors FLiRTLB1 variant as symptoms spread
News Bulletin Reports
13:05
Health alert: Lebanon monitors FLiRTLB1 variant as symptoms spread
Videos
d-none hideMe
0
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
0
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
0
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
0
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
0
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
0
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
0
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
0
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Middle East News
12:09
Prominent businessman tied to Syrian regime, Baraa Qatirji, killed in Israeli strike near Lebanon-Syria border: Here’s what you need to know about him
Middle East News
12:09
Prominent businessman tied to Syrian regime, Baraa Qatirji, killed in Israeli strike near Lebanon-Syria border: Here’s what you need to know about him
2
Lebanon News
14:26
Breaking: Israeli strike kills three family members in Bint Jbeil, southern Lebanon
Lebanon News
14:26
Breaking: Israeli strike kills three family members in Bint Jbeil, southern Lebanon
3
News Bulletin Reports
13:05
Health alert: Lebanon monitors FLiRTLB1 variant as symptoms spread
News Bulletin Reports
13:05
Health alert: Lebanon monitors FLiRTLB1 variant as symptoms spread
4
Lebanon News
10:30
Germany arrests suspected Hezbollah member: Prosecutor
Lebanon News
10:30
Germany arrests suspected Hezbollah member: Prosecutor
5
News Bulletin Reports
13:15
Banking crisis continues: New tax rules for loan repayments
News Bulletin Reports
13:15
Banking crisis continues: New tax rules for loan repayments
6
Lebanon News
10:44
Car targeted near Lebanese-Syrian border after recent fatal strikes
Lebanon News
10:44
Car targeted near Lebanese-Syrian border after recent fatal strikes
7
News Bulletin Reports
12:56
Israel on high alert after Al-Mawasi operation as Netanyahu exploits Trump's assassination attempt in political maneuvering
News Bulletin Reports
12:56
Israel on high alert after Al-Mawasi operation as Netanyahu exploits Trump's assassination attempt in political maneuvering
8
World News
10:14
Judge dismisses Donald Trump classified documents case
World News
10:14
Judge dismisses Donald Trump classified documents case
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More