Lebanese Central Bank Governor, Riad Salameh, on Thursday announced that he has approved of Jammal Trust Bank's self-liquidation request.
"The value of fixed assets and all the rights of the bank concerned, in addition to the value of the contribution of the National Deposit Insurance Corporation, is sufficient, in principle, to pay the full deposit and obligations of Jammal Trust Bank," Salame said in statement.
Salameh also confirmed that all the depositors' funds would be secured on their due date and that the rights of Jammal Trust Bank's employees would be preserved.
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