Lebanese banks to foot the STL bill

Lebanon News
15-12-2011 | 08:34
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Lebanese banks to foot the STL bill
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Lebanese banks to foot the STL bill
The Association of Banks in Lebanon decided to provide the $32 million paid by the Higher Relief Committee to honor Lebanon`s commitment to the STL.

In a statement, the association’s board said that the decision was made because it believes in the need to protect the money of depositors and promote domestic political security.

The statement underscored the need to create an appropriate financial atmosphere for investors which will lead to job generating growth in Lebanon. The statement stressed that such growth is the foundation for socioeconomic stability and prosperity.   

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