Banque du Liban Governor Updates Depositor Fund Recovery by 2026

Bank of Lebanon Governor Karim Saeed emphasized the continuation of work on the financial restructuring law and the recovery of deposits, with positive modifications introduced to it. He stated that the bank is keeping pace with this process as part of its responsibilities. He confirmed that the bank is studying the possibility of repaying deposits in a rational manner to provide liquidity, and that by the end of 2026, $8.1 billion will be reimbursed to depositors based on Circulars 158 and 166. He also pointed out that there is a clear mechanism for addressing deposits, but the scale of the crisis requires a prudent approach to ensure that realistic commitments are met. The focus remains on maintaining the credibility of institutions and working towards a sustainable resolution to the crisis.

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