Regulatory Alerts2022-07-27 | 13465The Liquidation of Real Estates, Shares & Participations Required, in Accordance with Art. 154, to Recover Outstanding or Doubtful Debts and Investment of Banks in Real Estate
The Central Bank of Lebanon issued Interim Decision No. 13465 to amend the regulatory framework governing bank investments in real estate, shares, and participations. The decision mandates that liquidation or temporary sales of these assets to recover outstanding or doubtful debts must be conducted in fresh US dollars (or equivalent Lebanese Lira) based on the daily Sayrafa platform exchange rate. This amendment, effective immediately upon issuance and publication in the Official Gazette, aligns asset disposals with Articles 153 and 154 of the Monetary and Banking Law to ensure liquidity and regulatory compliance.
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