Source: The Daily Star | 03 November 2017 | Country: Beirut,Lebanon

Banking sector safe from sanctions: Torbey to Aoun

Banking sector safe from sanctions: Torbey to Aoun

BEIRUT: The head of the Association of Banks in Lebanon Joseph Torbey Thursday assured President Michel Aoun that Lebanon’s banking sector would not be affected by tightened U.S. sanctions against Hezbollah. Aoun expressed confidence in Lebanon’s economic development while speaking before a delegation led by Torbey. The president said a new economic vision for Lebanon was being prepared in cooperation with the government, which will identify key sectors and include projects that help attract investment, according to a statement from the presidency. During the meeting, Torbey told Aoun that “we received assurances from the Americans that the banking sector will not be targeted by the Hezbollah sanctions as long as it is committing to international measures for banking.”

Cookie Policy

We use cookies to store information about how you use our website and show you more things we think you’ll like. Also we use non-essential cookies to help us improve our digital services. Any data collected is anonymised. By continuing to use this site, you agree to our use of cookies. If you'd like to learn more, please head to our cookie policy. page.
Accept and Close