Regulatory Alerts2018-08-10 | 12858Facilities that may be granted by BDL to banks and financial institutions
The Central Bank of Lebanon issued Circular No. 504 on August 10, 2018, amending Decision No. 6116 to modify the facilities available to banks and financial institutions. The amendments increase the total limit for Lebanese Lira educational loans to 47 billion LBP, redefine small loan financing for financial institutions, and introduce new provisions for housing loan subsidies and currency conversion. Additionally, the circular updates the regulatory table (BDL-PB) to reflect new interest rate caps, support limits, and loan categories for various sectors including housing, environment, and SMEs.
Circular No. 504
For Banks and Financial Institutions
We enclose for your reference a copy of Decision No. 12858 dated 10/8/2018 regarding the amendment of Decision No. 6116 dated 7/3/1996 (Facilities that may be granted by the Central Bank of Lebanon to Banks and Financial Institutions) attached to Basic Circular No. 23.
Beirut, August 10, 2018
Governor of the Central Bank of Lebanon
Riad T. Salam