LBCI

Lebanese Cabinet approves bank restructuring bill

12-04-2025 | 08:44

Share

Share

Lebanese Cabinet approves bank restructuring bill

Lebanon's Cabinet approved a draft law to restructure the country's banking sector during a session on Saturday, marking a key step in efforts to revive the ailing financial system.

Information Minister Paul Morcos announced that the government is working to implement a broader package of economic and financial reforms "within a few weeks," with a particular focus on protecting small depositors.

Morcos said the Cabinet is also preparing a draft law to address the financial gap—a crucial measure to restore balance to the country's fiscal framework.

He noted that the government had previously approved a draft amendment to the banking secrecy law, calling it a necessary condition for accountability and transparency.

Highlighting a key feature of the restructuring bill, Morcos emphasized that depositors' funds—especially those of small account holders—would be prioritized and protected under the proposed law.

Lebanon News

Lebanese

Cabinet

Bank

Restructuring

Bill

Next

Lebanon’s State Security hails troops’ efforts in new year security plan

Recommended For You

Hezbollah sources to LBCI: No official call for mobilization, reject direct talks under fire

08:50

Hezbollah sources to LBCI: No official call for mobilization, reject direct talks under fire

Iran in touch with Lebanon to ensure ceasefire commitments respected: FM

08:43

Iran in touch with Lebanon to ensure ceasefire commitments respected: FM

Lebanon says 10 killed including three emergency workers in Israeli strikes on south

07:32

Lebanon says 10 killed including three emergency workers in Israeli strikes on south

Hezbollah MP says direct talks with Israel are 'blatant violation' of constitution

05:12

Hezbollah MP says direct talks with Israel are 'blatant violation' of constitution

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

UAE intercepted second round of Iranian missile attacks: Defense ministry

Middle East News

2026-02-28

UAE intercepted second round of Iranian missile attacks: Defense ministry

Israeli army issues evacuation warning for several neighborhoods in Beirut’s southern suburbs

2026-03-12

Israeli army issues evacuation warning for several neighborhoods in Beirut’s southern suburbs

Iran TV reports fire on ship struck by drone in Strait of Hormuz

Middle East News

2026-03-06

Iran TV reports fire on ship struck by drone in Strait of Hormuz

Angelina Jolie visits Egyptian side of Rafah crossing to Gaza

Israel-Gaza War Updates

2026-01-02

Angelina Jolie visits Egyptian side of Rafah crossing to Gaza

Videos

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

2026-03-25

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Most read

24 hours

7 days

Month

Weapons crackdown: Beirut sees major security reinforcement

1

Weapons crackdown: Beirut sees major security reinforcement

First contact established between Lebanese, Israeli ambassadors in US, meeting to be held Tuesday

2

First contact established between Lebanese, Israeli ambassadors in US, meeting to be held Tuesday

Lebanese source to Al Jazeera: Lebanon, Israel ambassadors to hold first contact in Washington ahead of talks

3

Lebanese source to Al Jazeera: Lebanon, Israel ambassadors to hold first contact in Washington ahead of talks

Hezbollah MP says direct talks with Israel are 'blatant violation' of constitution

4

Hezbollah MP says direct talks with Israel are 'blatant violation' of constitution

Final push before talks: Israel eyes escalation in Lebanon war

5

Final push before talks: Israel eyes escalation in Lebanon war

13 State Security personnel killed in Israeli strikes on Nabatieh government building: Statement

6

13 State Security personnel killed in Israeli strikes on Nabatieh government building: Statement

Lebanon, US push Israel for temporary halt before talks: Axios

7

Lebanon, US push Israel for temporary halt before talks: Axios

From neglect to urgency: "Black Wednesday" puts Lebanon back on the global agenda

8

From neglect to urgency: "Black Wednesday" puts Lebanon back on the global agenda

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