Lebanon banking association affirms its unity after criticism by member banks
- Date: 28-Jun-2022
- Source: Zawya
- Sector:Financial Services
- Country:Lebanon
Lebanon banking association affirms its unity after criticism by member banks
BEIRUT - Lebanon's banks association ABL affirmed its unity and said it reiterated the necessity of Lebanon reaching a deal with the IMF in a June 27 board meeting, an association statement said Tuesday.
The ABL also called on the Lebanese state to shoulder a portion of financial sector losses estimated at some $70 billion.
The statement follows criticism by several prominent banks of a recent ABL letter to the IMF in which it slammed an April draft deal with Lebanon.
(Reporting by Timour Azhari; Editing by Alex Richardson)
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