Classification of Loans

Intermediary Circular No. 497

To Banks and Financial Institutions

We hereby enclose a copy of Intermediary Decision No. 12825 dated 1/6/2018 concerning the amendment of the fundamental Decision No. 7159 dated 10/11/1998 (Classification of Debt Risks) attached to Fundamental Circular No. 58.

Beirut, June 1, 2018

Governor of the Central Bank of Lebanon

Riad T. Salam

Intermediary Decision No. 12825

Amendment of Fundamental Decision No. 7159 dated 10/11/1998 (Classification of Debt Risks)

The Governor of the Central Bank of Lebanon,

Pursuant to the Monetary and Discount Law, particularly Article 146 thereof,

And pursuant to Fundamental Decision No. 7159 dated 10/11/1998 and its amendments regarding the classification of debt risks,

And pursuant to the decision of the Central Council of the Central Bank of Lebanon taken in its session held on 30/5/2018,

Decides as follows:

Article One: Clause (2) of Article Five of Fundamental Decision No. 7159 dated 10/11/1998 is repealed and replaced with the following text:

"2- The Statistics and Economic Research Department at the Central Bank of Lebanon shall be provided, quarterly, with the classification of debts according to their risks and sectors according to models (-3CR) and (-4CR) using the attached projects via the electronic project for sending statistical reports (eSTR) within the SEBIL system within a maximum deadline of 20 days from the end of each quarter."

Article Two: The text of models (-1CR) and (-2CR) attached to Fundamental Decision No. 7159 dated 10/11/1998 is repealed and replaced with models (-3CR) and (-4CR).

Article Three: The Statistics and Economic Research Department at the Central Bank of Lebanon shall be provided with the data prepared according to models (-3CR) and (-4CR) for the first quarter of 2018 with a maximum deadline of 30/6/2018, and for the second quarter with a maximum deadline of 31/7/2018.

Article Four: This Decision shall be enforced upon its issuance.

Article Five: This Decision shall be published in the Official Gazette.

Beirut, June 1, 2018

Governor of the Central Bank of Lebanon

Riad T. Salam

Classification of Debts According to Their Risks Model (-3CR) Quarterly Status Bank Number Fundamental Circular No. 58 as of: //_____ Name Statistics and Economic Research Department Values in millions of Lira

Classification of Debts According to Their Risks and Sectors Model (-4CR) Quarterly Status Bank Number Fundamental Circular No. 58 as of //____ Name Statistics and Economic Research Department