Lebanon’s AM Bank Suspends Its Membership With Banking Association Following IMF Criticism
- Date: 24-Jun-2022
- Source: The961
- Sector:Financial Services
- Country:Lebanon
Lebanon’s AM Bank Suspends Its Membership With Banking Association Following IMF Criticism
On Friday, the AM bank in Lebanon suspended its membership in the Association of Banks in Lebanon (ABL) because of its decisions “harming the banking sector.” This occurred a few days after the association denounced an IMF draft deal with Lebanon in a letter. In a statement, AM Bank said that its decision happened because of “inappropriate decisions made by ABL,” including the letter from the advisor of the ABL to the IMF where he called their deal with Lebanon […]
The post Lebanon’s AM Bank Suspends Its Membership With Banking Association Following IMF Criticism appeared first on 961.
On Friday, the AM bank in Lebanon suspended its membership in the Association of Banks in Lebanon (ABL) because of its decisions “harming the banking sector.” This occurred a few days after the association denounced an IMF draft deal with Lebanon in a letter. In a statement, AM Bank said that its decision happened because of “inappropriate decisions made by ABL,” including the letter from the advisor of the ABL to the IMF where he called their deal with Lebanon […]
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