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Torbey briefs Aoun on banking sector condition: Optimistic about a consensual budget

May 05

 Torbey briefs Aoun on banking sector condition: Optimistic about a consensual budget

NNA - President of the Republic, Michel Aoun, met on Saturday with Head of the Association of Banks in Lebanon, Joseph Torbey, who briefed him on the situation of the country's banking sector in light of recent developments.

On emerging, Torbey said that the budget 'must reflect the country’s highest interests, which can only be achieved though consensus.'

He stressed that 'no additional taxes can be imposed at a time of economic crisis.'

'We are optimistic that a consensual budget will be issued by the Cabinet, in which all stakeholders and opinions will be heard,' Torbey corroborated.

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