ABL head Francois Bassil says solving pay scale crisis at the expense of banks is detrimental

Lebanon News
11-04-2014 | 03:15
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
ABL head Francois Bassil says solving pay scale crisis at the expense of banks is detrimental
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
3min
ABL head Francois Bassil says solving pay scale crisis at the expense of banks is detrimental
Head of the Association of Banks in Lebanon Francois Bassil held on Friday a press conference in which he asserted that the demands of the Union Coordinating Committee are righteous.

However, Bassil noted that the ways to put an end for the pay scale crisis via imposing taxes on banks will have negative impacts on the Lebanese banking sector.

He also noted that the ABL never gave up on the Lebanese people and offered all the necessary help to the state.

Bassil stressed that the new pay scale should be studied with the concerned economic committees and the ABL.

This comes as banks located in Jbeil and Amchit closed their doors today (Friday) upon the call of the Association of Banks in Lebanon, the state-run National News Agency reported.

On Thursday, the Head of the Association of Banks in Lebanon announced the closure of banks in protest against tax measures proposed by the Joint Parliamentary Committees which reconvened to hold further discussions over the pay scale draft law.

The committees also approved an item on imposing taxes on maritime properties to finance the salary scale.

The Union Coordinating Committee resumed its movements a couple of weeks ago calling on the authorities to pass the pay scale, which stipulates a wage hike.

The decision to revive movements came as a result of the failure of the Joint Parliamentary Committees to resolve the dispute on the Value Added Tax in a proposal aimed at securing the funds for the salary scale that was approved by former Prime Minister Najib Mikati's cabinet.

Former PM Mikati's cabinet endorsed the new salary scale for public employees in 2012, ending a long dispute that had triggered several sit-ins and strikes held by the UCC.

President Michel Sleiman signed the decree mid-June 2013 and it was referred to the Joint Parliamentary Committees for further examination, however the law was never passed to parliament.

Lebanon News

Francois

Bassil

solving

scale

crisis

expense

banks

detrimental

LBCI Next
Source close to Hezbollah says Israel strike targeted Palestinian affairs official
Recommended For You
d-none hideMe
LBCI
Lebanon News
17:13

Berri backs President Aoun's stance, says Israeli aggression targets all Lebanon

LBCI
Lebanon News
16:49

Israeli drone conducts airstrike on Ain Qana, South Lebanon

LBCI
Lebanon News
16:31

Residents flee Ain Qana following Israeli warning (Video)

LBCI
Lebanon News
16:22

PM Salam condemns Israeli attacks as 'deliberate targeting' of Lebanon

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon Economy
2025-05-23

Fuel prices in Lebanon updated

LBCI
Lebanon News
16:04

UNSCOL urges restraint after Israeli strikes on Beirut’s southern suburbs

LBCI
World News
16:25

Trump administration imposes sanctions on four ICC judges in unprecedented move

LBCI
Lebanon News
2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

Videos
d-none hideMe
LBCI
Lebanon News
2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

LBCI
Lebanon News
2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI
Lebanon News
2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

LBCI
Lebanon News
2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

LBCI
Lebanon News
2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

LBCI
News Bulletin Reports
2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

LBCI
Lebanon News
2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

LBCI
Lebanon News
2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI
Lebanon News
2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon News
13:43

Israel issues evacuation warning for residents of Hadath, Haret Hreik, and Borj El Brajneh in Beirut's southern suburbs

LBCI
Lebanon News
15:03

Israel strikes Beirut's southern suburbs

LBCI
Lebanon News
14:30

Israeli media: Strike on Beirut's southern suburbs will be 'largest' since ceasefire

LBCI
Lebanon News
16:16

Total of 17 Israeli airstrikes hit Beirut’s southern suburbs

LBCI
Lebanon News
15:32

The Lebanese army tried to deter Israeli strikes but was refused, military sources say

LBCI
Lebanon News
14:14

Israeli army says it’s preparing to strike infrastructure targets in Beirut’s southern suburbs

LBCI
Lebanon News
15:54

New Israeli airstrikes hit southern suburbs of Beirut

LBCI
Lebanon News
17:13

Berri backs President Aoun's stance, says Israeli aggression targets all Lebanon

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More