August 30, 2019 / 10:06 AM / a month ago

Lebanon banking sector can withstand U.S. sanctions: finance minister

FILE PHOTO: Lebanon's Finance Minister Ali Hassan Khalil walks to attend the cabinet meeting in Baabda, Lebanon May 27, 2019. REUTERS/Mohamed Azakir

BEIRUT (Reuters) - Lebanon’s banking sector can handle the impact of the U.S. sanctions against Jammal Trusk Bank SAL and guarantee the money of depositors, the finance minister said on Friday.

Ali Hassan Khalil said on Twitter he was confident “of the banking sector’s ability to absorb the implications...and guarantee the money of depositors...and the central bank is doing what is necessary.”

Reporting by Ellen Francis; Editing by Mark Heinrich

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