Banks and financial institutions will be allowed to restructure their loans, according to a basic circular issued by the Central Bank (BDL) this week. The circular targets loans provided mainly to companies.
"This circular is not worrying about any default crisis in the market," said Marwan Mikhael, Head of Research at Blominvest Bank. "Authorities have been working for a long time on a law similar to the concept of the US Chapter 11 law, which helps protect debtors, but due to political...
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