Regulatory Alerts1997-04-24 | 6574Balance Sheet and Income Statement to be Published
Banque du Liban issued Basic Decision No. 6574 mandating all Lebanese banks and financial institutions to prepare and publish their Financial Position Statements and Income Statements in compliance with International Financial Reporting Standards (IFRS) effective from the 2018 financial year. Publicly traded banks must publish these statements quarterly within one month of each quarter's end, while other institutions must publish them annually within the statutory deadline. The decision further requires submission of branch and consolidated income statements to the Statistics and Economic Research Department, provision of publication proofs to the Banking Supervision Committee, and explicit disclosure of media channels for accessing complete financial reports and detailed IFRS-compliant notes.