Regulatory Alerts2021-10-27 | 13371Administrative Operations and Services Carried Out by Banks
Issued by the Governor of the Central Bank of Lebanon on October 27, 2021, this Basic Circular No. 160 authorizes banks operating in Lebanon and their branches to carry out administrative operations and services for any natural or legal person. It defines these activities under existing monetary, credit, and specialized banking laws, mandating that they be provided via separate contracts with applicable mandatory or optional fees. The decision takes immediate effect upon issuance and is published in the Official Gazette to mobilize bank capacities amid exceptional circumstances.
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