NO. 18


Financial and Banking News

Regional Banking

Second Lebanese Bank Goes into Liquidation

The Lebanese Bank Tohme announced on 28 January that it was ceasing operations and would begin reimbursing depositors soon. In a statement published by the local daily al.Nahar, the bank said that it had presented the Banque du Liban (central bank) with "sufficient capital to cover its obligations". Ear- lier in January Banque Libano-Bresilienne went into voluntary liquidation....