LogoRegulatory Alerts
2023-06-27 | 13561

Issuing of Certificates of Deposit, Banking Certificates, Bonds and Opening of Bank Accounts

The Governor of the Central Bank of Lebanon issued Central Decision No. 13561 to extend the validity until December 31, 2023, of key provisions governing bonds, certificates of deposit, banking certificates, and bank accounts. This amendment modifies Articles 6 bis, 20, and 4 of Base Decisions No. 6856, 7224, and 13100 respectively, ensuring continued regulatory compliance for Lebanese banks and financial institutions. The decision takes immediate effect upon issuance and mandates publication in the Official Gazette to formalize the extended regulatory framework.

Banque du Liban logo

Lebanon

Banque du Liban

Click to view thumbnail

Circular No. 672

To Banks and Financial Institutions, and to Supervisory Commissioners

We enclose for your reference a copy of Central Decision No. 13561 dated 27/6/2023 regarding the amendment of:

  • Base Decision No. 6856 dated 19/12/1997 (Bonds issuable by Lebanese banks and financial institutions) attached to Base Circular No. 36.
  • Base Decision No. 7224 dated 11/2/1999 (System for issuing certificates of deposit and banking certificates) attached to Base Circular No. 61.
  • Base Decision No. 13100 dated 3/9/2019 (Opening of bank accounts) attached to Base Circular No. 147.

Beirut, on 27 June 2023

Governor of the Central Bank of Lebanon Riad T. Salamé

Central Decision No. 13561

Amendment of Base Decision No. 6856 and Base Decision No. 7224, and Base Decision No. 13100

The Governor of the Central Bank of Lebanon, pursuant to the Monetary and Loan Law, specifically Articles 70 and 174 thereof; based on Base Decision No. 6856 dated 19/12/1997 and its amendments regarding bonds issuable by Lebanese banks and financial institutions; based on Base Decision No. 7224 dated 11/2/1999 and its amendments regarding the system for issuing certificates of deposit and banking certificates; based on Base Decision No. 13100 dated 3/9/2019 and its amendments regarding the opening of bank accounts; and based on the decision of the Central Council of the Central Bank of Lebanon taken in its session held on 21/6/2023,

has decided as follows:

Article One: The validity of the following provisions is extended until 31/12/2023:

  • "Article 6 bis" of Base Decision No. 6856 dated 19/12/1997.
  • "Article 20" of the system attached to Base Decision No. 7224 dated 11/2/1999.
  • "Article 4, paragraph 'second'" of Base Decision No. 13100 dated 3/9/2019.

Article Two: This decision shall enter into force upon its issuance.

Article Three: This decision shall be published in the Official Gazette. Beirut, on 27 June 2023

Governor of the Central Bank of Lebanon Riad T. Salamé

Share