Jammal Trust Bank said in a statement issued this Thursday "In light of the US Treasury's decision to list Jammal Trust Bank SAL on the SDGT on August 29, 2019, despite its sound financial position confirmed in the reports of oversight commissioners and its full compliance with local and foreign banking rules and regulations, the Board of Directors had to take the decision of self-liquidation, under full coordination with the Central Bank of Lebanon."

"Jammal Trust Bank is keen on reaffirming that such a step stems from its concern for the rights of clients and employees," the statement read.