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bankingApril 20, 2022

Miqati says no plans to eliminate depositors' rights, undermine banking sector

Prime Minister Najib Miqati on Tuesday reassured that authorities have no plans to “eliminate depositors’ rights or undermine the banking sector.”

“The government’s priority in its economic approach is to preserve depositors’ rights and not to waste them,” Miqati told a delegation from the Association of Banks in Lebanon.

“The recovery plan gives priority to preserving people’s rights, reviving all productive sectors, and also preserving the banking sector, which represents an essential element for economic recovery,” the premier added.

“Everything being said about the elimination of depositors' rights and the undermining of the banking sector is aimed at stirring confusion and tensions,” Miqati reassured.