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‘No need to panic’: Lebanon banking body tells depositors after unrest

“Sfeir spoke after meeting President Michel Aoun, the ministers of finance and economy, the central bank governor and other officials over the economic situation” writes Midwest Communications Inc for 95kqds.com. BEIRUT (Reuters) – Lebanese bank deposits are safe and there is no need to panic, the head of the banking association said on Saturday, seeking to calm nerves about restrictions on some withdrawals imposed after nationwide protests.”We confirm that depositors’ money is safe and what is happening has nothing to do with solvency and therefore, no need to panic,” the head of the Association of Banks in Lebanon, Salim Sfeir, told a press conference.
 
Source: 95kqds.com



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