Lebanese banks worry capital increase deadline is too tight - sources


  • World
  • Thursday, 07 Nov 2019

BEIRUT (Reuters) - Lebanon's banks are worried that a central bank deadline for compulsory capital increases is too tight as they grapple with the fallout from weeks of anti-government protests, banking sources familiar with the matter said.

They said it was possible lenders might ask the banking regulator for an extension to the requirement to raise their Common Equity Tier 1 capital, a key measure of financial strength, by 10% through cash injections by the end of the year.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Russian attack forces frustrated, hungry residents from Ukraine border town
Chinese EV maker Zeekr surges 34 pct in Wall Street debut
Mexico heat wave melts temperature records in ten cities, including Mexico City
Death toll of bus crash in Russia's St. Petersburg rises to 7
Clean hydrogen investment exceeds 73 bln USD in Canada
U.S. stocks close mixed amid low consumer sentiment
Pandemic agreement talks to continue beyond deadline: WHO
Spanish business summit strengthens Shanghai-Barcelona ties
April 2024 marks warmest April on record: NASA
Ukrainian attack kills three, sparks fire at oil depot in Luhansk, Russia-installed governor says

Others Also Read