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
27
o
Bekaa
25
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
24
o
North
29
o
South
26
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Late Night News
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
25
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
24
o
North
29
o
South
26
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
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
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
What is the banks' actual stance on restructuring law?
Lebanon Economy
08-12-2022 | 09:10
High views
Share
Share
3
min
What is the banks' actual stance on restructuring law?
One of the reform measures urged by the International Monetary Fund (IMF) is bank restructuring.
Still, the parliament has yet to adopt official legislation related to this issue. A step equivalent to this restructuring that should have taken place and has not is the evaluation of the 14 largest banks by a private company. So, what does the Association of Banks say in this regard?
Secretary-General of the Association of Banks, Fadi Khalaf, pointed out that "some analysts believe banks have no interest in moving forward with this draft law to rebalance the financial sector or the law to restructure the banking sector."
Some analysts also added banks would instead maintain the status quo to deplete deposits over the years. However, Khalaf claimed that these statements lack accuracy because the data shows the exact opposite.
He explained that the leading cause of the $27 billion decline in foreign currency deposits since the start of the crisis is the payment of a large part of the loans through checks and bank transfers.
Khalaf added that loans have decreased to roughly $12 billion; thus, the decline in deposits will be restricted to withdrawals in the future, which might amount to $2 to $3 billion yearly. As a result, any supposed "melting" of deposits will take at least 30 years.
Khalaf went on to ask, "With the annual losses it accrues and the downsizing it endures, does the banking sector have the luxury of time to wait for decades? Is envisioning the current depletion lasting for decades in the best interest of the banks impacted by it?"
As a result, he said, "this hypothesis is considered invalid, at least from a practical point of view."
Given that this action is one of the ways to restore confidence in the banking sector, those following up on the banking situation confirm that this is conclusive evidence that banks want to restructure once parliament adopts the law.
Breaking Headlines
Lebanon News
Lebanon Economy
News Bulletin Reports
Lebanon
Lebanese
Banks
Banking Sector
Bank
Central Bank
IMF
Reforms
Next
President Aoun emphasizes importance of agricultural sector, highlights efforts to boost exports to Gulf countries
Recommended For You
d-none hideMe
0
Lebanon Economy
07:05
Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular
Lebanon Economy
07:05
Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular
0
Lebanon Economy
2025-07-14
Lebanon's central bank partners with US firm to boost financial oversight
Lebanon Economy
2025-07-14
Lebanon's central bank partners with US firm to boost financial oversight
0
Lebanon Economy
2025-07-11
Fuel prices shift in Lebanon
Lebanon Economy
2025-07-11
Fuel prices shift in Lebanon
0
News Bulletin Reports
2025-07-08
Billions needed, but no plan: Lebanon’s social spending crisis deepens
News Bulletin Reports
2025-07-08
Billions needed, but no plan: Lebanon’s social spending crisis deepens
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2025-06-03
Lebanese army says raid kills 'dangerous fugitive' in Brital shootout
Lebanon News
2025-06-03
Lebanese army says raid kills 'dangerous fugitive' in Brital shootout
0
Lebanon News
03:42
Airstrikes hit Bodai as Israel targets alleged Hezbollah positions in Bekaa
Lebanon News
03:42
Airstrikes hit Bodai as Israel targets alleged Hezbollah positions in Bekaa
0
Lebanon News
2025-07-14
Lebanon, Morocco, and Jordan explore stronger industrial and trade partnerships
Lebanon News
2025-07-14
Lebanon, Morocco, and Jordan explore stronger industrial and trade partnerships
0
News Bulletin Reports
12:48
Inside Lebanon's biggest drug lab: Lebanese Army tightens grip on Bekaa drug lords
News Bulletin Reports
12:48
Inside Lebanon's biggest drug lab: Lebanese Army tightens grip on Bekaa drug lords
Videos
d-none hideMe
0
Lebanon News
08:59
Pregnant journalist Petra Abou Haidar attacked in road rage assault
Lebanon News
08:59
Pregnant journalist Petra Abou Haidar attacked in road rage assault
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
08:59
Pregnant journalist Petra Abou Haidar attacked in road rage assault
Lebanon News
08:59
Pregnant journalist Petra Abou Haidar attacked in road rage assault
2
Lebanon News
08:53
Israeli airstrikes kill 12 in Lebanon's Bekaa, including Syrian refugees
Lebanon News
08:53
Israeli airstrikes kill 12 in Lebanon's Bekaa, including Syrian refugees
3
Lebanon Economy
07:05
Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular
Lebanon Economy
07:05
Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular
4
Lebanon News
07:15
Lebanese Army arrests 144 Syrians for illegal entry, detains multiple Lebanese suspects in raids
Lebanon News
07:15
Lebanese Army arrests 144 Syrians for illegal entry, detains multiple Lebanese suspects in raids
5
Lebanon News
03:42
Airstrikes hit Bodai as Israel targets alleged Hezbollah positions in Bekaa
Lebanon News
03:42
Airstrikes hit Bodai as Israel targets alleged Hezbollah positions in Bekaa
6
Lebanon News
10:10
Lebanon's Press Club condemns assault on journalist Petra Abou Haidar, calls for accountability
Lebanon News
10:10
Lebanon's Press Club condemns assault on journalist Petra Abou Haidar, calls for accountability
7
Lebanon News
04:44
Israeli defense minister says strikes under way in Lebanon are 'clear message' to Hezbollah
Lebanon News
04:44
Israeli defense minister says strikes under way in Lebanon are 'clear message' to Hezbollah
8
Lebanon News
03:32
Lebanese committee to meet at Presidential Palace after receiving US response to proposal
Lebanon News
03:32
Lebanese committee to meet at Presidential Palace after receiving US response to proposal
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