The Association of Banks in Lebanon said on Sunday that the banking sector is facing a systematic campaign aimed at undermining its reputation and the people's confidence in one of the most important productive sectors in Lebanon.
The Association's board of directors said in a statement that it "deplores and condemns what has been said about Bank Audi, which adheres to all applicable laws in Lebanon and international standards, as well as the banking field laws, like all other banks in in the country."
The statement warned those behind this waged campaign to pay attention to the severe damage it may cause to the banking sector; thus, weakening one of the most important components of the Lebanese economy.
The Association concluded its statement by appealing to all political forces and the media to exercise national responsibility in such exceptional and difficult circumstances, out of keen concern for preserving the interests of the country and its citizens.
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