How will the banks open?
The former head of the Banking Control Commission in LebanonSamir Hammoud, through the statement issued by the Association of Banks, it seems clear that bank branches will not fully reopen their doors.
confirmed that "It is not in the interest of the banks to strike, and they would have been harmed if it took too long, as Hammoud expected "Keeping the doors of the drains closed towards their main facades, so that entry is through another external door ".
What is the point of all this?
Hammoud considered that "The solution to the strike is intended to return the employees to their work so that they can secure the payment of salaries through the ATM service, in addition to completing the operations of opening credits and securing transfers that may reach these banks.
And he said:" More attention will be given to the ATM and the expectation of changes in the pattern of work later through certain dates, i.e. not fully opening the branches".
Can banks remain closed?
Hammoud replied "Of course not.. the banks cannot stop life in the country".
He revealed to Sky News Arabia that "The meeting of the Association of Banks was not in complete agreement about the continuation of the strike".
Money back
Hammoud saw that "Recovering depositors’ money will not be through pistols, crackers, or wars, and the depositors’ rights exceed multiples of the amount of money in each branch in Lebanon."
where’s the solution?
According to Hammoud, the treatment "Not between banks and depositors, but in the hands of the government. There must be speed in dealing with the banking situation in the country, and the Central Bank needs quick legislation and laws to address the situation. ".
to depositors
Hammoud saw "The improper creation of crises between the depositor and the branch manager in the bank "The solution lies in reconfiguring a new banking sector, and herein lies the role of the government".
He concluded his speech to Sky News Arabia: "Any business model we want to do in the future will only be with large local banking conglomerates and partnerships with regional banks".
Banks will look like intelligence branches
For his part, a banking risk expert in Lebanon, Muhammad Al-Fahili, told the website "Sky News Arabia ": "The return of banks to work, it seems, will be very limited, with many controls, and with them, bank branches will resemble security intelligence centers, not branches of financial institutions.".
He added: "There is a great dispersion within the Association of Banks in Lebanon, which calls for immediate action by the Central Bank of Lebanon, specifically by the Banking Control Commission.".
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The association decided that banks would resume their business, starting on Monday morning, through channels specified by each bank for the operations of commercial, educational, hospital and other institutions, and through ATMs for all.
How will banks prepare for accidents?
There is a consensus that the opening of bank branches will not be the same as it was previously, amid expectations that the opening will be partial with semi-autonomous security dependence after the Lebanese Interior Minister Bassam Mawlawi refused to put the security forces in the face of depositors.
How will the banks open?
The former head of the Banking Control Commission in LebanonSamir Hammoud, through the statement issued by the Association of Banks, it seems clear that bank branches will not fully reopen their doors.
He stressed that “it is not in the interest of the banks to strike, and they would have been harmed if it took a long time, as Hammoud expected” to keep the banks’ doors closed towards their main facades, so that entry would be through another external door.
What is the point of all this?
Hammoud considered that “the purpose of resolving the strike is to return the employees to their work so that they can secure the payment of salaries through the ATM service, in addition to completing the operations of opening credits and securing transfers that may reach these banks.
He said: “The attention will be more to the ATM and the expectation of changes in the work pattern later, through certain dates, meaning that the branches will not open completely.”
Can banks remain closed?
Hammoud replied, “Of course not. The banks cannot stop life in the country.”
He revealed to Sky News Arabia that “the meeting of the Association of Banks was not in complete agreement about the continuation of the strike.”
Money back
Hammoud believed that “recovering depositors’ money will not be through pistols, cracking, or wars, and the depositors’ rights exceed multiples of the amount of money in each branch in Lebanon.”
where’s the solution?
According to Hammoud al-Talab, “It is not between banks and depositors, but rather in the hands of the government. There must be speed in addressing the banking situation in the country, and the Central Bank needs quick legislation and laws to address the situation.”
to depositors
Hammoud saw “the improper creation of crises between the depositor and the branch manager in the bank. The solution lies in re-forming a new banking sector, and here lies the role of the government.”
He concluded his speech to Sky News Arabia: “Any business model we want to do in the future will only be with large local banking conglomerates and partnerships with regional banks.”
Banks will look like intelligence branches
For his part, the expert on banking risks in Lebanon, Muhammad Al-Fahili, told “Sky News Arabia”: “The return of banks to work, it seems, will be very limited, with a lot of controls, and with it bank branches will resemble security intelligence centers, not branches of financial institutions.”
He added: “There is a great dispersion within the Association of Banks in Lebanon, which calls for an immediate movement by the Central Bank of Lebanon, specifically by the Banking Control Commission.”