Lebanon's PM says wants to protect small depositors not banks
- Middle East
- Reuters
- Published Date: 03:08 | 19 March 2022
- Modified Date: 03:36 | 19 March 2022
Lebanon's prime minister said on Saturday after a cabinet meeting convened to address judicial actions against seven banks that the goal was to protect small depositors not lenders.
"We are protecting institutions, not individuals," Najib Mikati told a news conference.
Lebanese banks plan a two-day strike next week in protest at judicial moves against seven major lenders, a standoff that could bring more instability for a country mired in a financial crisis since 2019.