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MP Farid Boustany says restoring trust in banks is key to reviving the economy

30-04-2025 | 02:27

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MP Farid Boustany says restoring trust in banks is key to reviving the economy

MP Farid Boustany said that restoring financial order according to international standards and restructuring the banking sector is to relaunch the economy, reduce reliance on cash, and—above all—return depositors’ money.

In a post on X, Boustany wrote: “Depositors form a single group—there’s no distinction between big or small accounts. Banks need large deposits to start financing the economy again, but how can depositors trust them if their original funds aren’t fully returned? That’s the key to restoring confidence in the banking sector and the economy as a whole.”

He concluded: “Trust, trust, and more trust.”

Lebanon News

MP Farid Boustany

Trust

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Economy

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