The Association of Banks in Lebanon (ABL), after having been informed of the recovery plan presented by the Lebanese Government that has for effect to charge on the banks and the depositors the major portion of the losses resulting from policies adopted by the State’s successive governments and Central Bank, completely rejects this disastrous plan that violates the Lebanese constitution and all regulations in force. ABL has assigned its legal advisors to examine and present a range of judicial measures that will allow the preservation and recovery of the rights of the banks and the depositors leaving to ABL to select what it deems appropriate in this regard.

Communication & PR Department