Al-Manawer to Hamadeh: What is the value of the current deposits in Lebanese banks?

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Al-Manawer to Hamadeh: What is the value of the current deposits in Lebanese banks?

MP Mohlhal Mudhaf

MP Osama Al-Manawer asked the Minister of Finance and Minister of State for Economic Affairs and Investment Khalifa Hamadeh about the fate of depositors’ money in Lebanese banks.

Al-Manawer’s question stated: What is the value of the deposits that are still deposited in any of the Lebanese banks and banks or the Central Bank of Lebanon by any ministry, institution, governmental authority or company in which the state’s public treasury directly or indirectly owns 25% of the Ownership, indicating the number of renewal times for deposits and the dates of that, and what are agreed upon of guarantees, privileges, and brokers?

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He added: What are the reasons that led to the refusal of the return?Is there an agreement in the two deposit contracts that allows the bank to refuse a request to return them?What are the measures taken by the Ministry in this case?Why were the two deposits renewed even though this is considered approval and acceptance of the rejection of the return request?Why was it renewed with less guarantee terms than before, with the increasing risks of the economy, banking and credit work in the State of Lebanon?

He continued: Why was the Bank and the Central Bank of Lebanon not addressed – regarding the behavior of “France Bank – Beirut” and its refusal to request the return of the two deposits?Was the approval of the Ministry of Finance obtained before agreeing to deposit the two deposits in 2018?Were the two deposits required to be returned a second time before their second renewal?Were the economic conditions and credit risks studied before the two deposits were approved?Provide me with a copy of the study, and is there a Kuwaiti, Lebanese or foreign mediator or a consulting office in the two deposits agreement?

On the other hand, Al-Manawer asked the Minister of Oil and Minister of Higher Education Muhammad Al-Faris about the activities and lectures organized by the cultural committees at Kuwait University.

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The question stated: Is there a pre-prepared program for activities, events and lectures outside the scope of the academic curricula at the College of Arts at Kuwait University?Who is responsible for following up and supervising the cultural committees in the departments of the College of Arts at Kuwait University?Is there a regulation or organizational decision for cultural committees?Please provide me with a copy of it and the events, activities and lectures organized by the cultural committees at the College of Arts at Kuwait University since the beginning of the academic year, according to the topic, the participating guests, and what is to be established and organized.

Source: Al-Rai

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