Banque du Liban announces opening of a "deposit recovery account" to repay depositors

LBCI Lebanon's coverage focused on the announcement itself and the exclusive allocation of recovered funds to repaying deposits, while annahar.com and المدن carried the statement's details on the account's financial and accounting separation and the funds covered, Lebanon Debate added the opening of an account with correspondent banks and the notification of relevant authorities, and الشرق بلومبرغ linked the step to disputes over the draft financial gap law.

• LBCI Lebanon Limited to reporting the creation of the "deposit recovery account" and the exclusive allocation of recovered funds to repaying deposits, without details on the account's mechanism or context.
• annahar.com Highlighted the statement's details: that the account is special and independent, that funds are transferred to it exclusively under judicial rulings, settlements or other procedures in Lebanon or abroad, that it is financially and accounting-wise separate and may not be used for any other purpose, stressing an institutional commitment to return rights and strengthen confidence.
• المدن Focused on the account being allocated exclusively to repaying deposits and on the bank continuing legal procedures to recover embezzled, transferred or unlawfully used funds.
• Lebanon Debate Added that the bank opened an account with correspondent banks, that it continues judicial procedures in Lebanon and abroad, and that it has notified the relevant authorities.
• الشرق بلومبرغ Placed the step in the context of continuing disputes over the draft financial gap law that sets the distribution of losses among the state, the central bank and commercial banks.