Salameh from Baabda: Central Bank keen on conditions of banking sector

Lebanese Central Bank Governor, Riad Salameh, said on Thursday that the Bank was keen on preserving a safe banking sector in Lebanon and on safeguarding the rights of depositors.

Salameh's words came in the wake of a meeting with President Michel Aoun during which he revealed that the Central Bank had authorized real estate developers to close their debts with property, adding that banks could pay 20-year installments in return for the property they had taken.

Moreover, the Salameh utterly denied the rumors being spread about the status of one of the Lebanese banks, reaffirming the Central Bank's keenness on maintaining a safe monetary situation in Lebanon.

Source: National News Agency