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FINANCIAL NEWS
No more restrictions on Lebanese BankMed foreign clients
04 Jun 2013
(MENAFN) Cyprus Finance Ministry stated that international clients of Beirut-based BankMed no longer faced restrictions on money withdrawals and transfers, reported The Daily Star.
The ministry added that after Cyprus lifted the restrictions, the number of exempted foreign banks rose to 15. The authorities announced that all restrictions will be lifted as soon as the banking system is fully back on its feet.
It is worth noting that Cyprus got a USD30 billion rescue package from European partners as well as the IMF which caused depositors in the biggest two banks in the country to suffer big losses on savings. However, things have started to look better in the last two months which caused the lifting of restrictions.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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