November 4, 2019 / 5:01 PM / 14 days ago

CORRECTED-Lebanon's central bank asks banks to raise capital by up to 20% by June - circular

(Removes reference to amounts of capital in second paragraph)

BEIRUT, Nov 4 (Reuters) - Lebanon’s central bank has asked banks to raise their capital by up to 20%, amid nationwide protests that led the prime minister to resign last week, according to a central bank circular seen by Reuters.

It also asked banks not to distribute dividends for the 2019 financial year. (Reporting by Lisa Barrington; Writing by Tom Arnold; Editing by Kevin Liffey)

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