Regulatory Alerts2020-11-05 | 13290Capital Adequacy Regulatory Framework for Banks Operating in Lebanon
The Central Bank of Lebanon issued Circular No. 13290 to amend its capital adequacy framework by allowing banks to exceptionally capitalize up to 15% of fixed asset revaluation gains into supplementary own funds. The amendment mandates Central Banking Council verification, requires completing the revaluation and fund increase by December 31, 2021, and specifies that one-third of the profit goes to supplementary own funds while at least half is added in cash to common equity tier 1. This decision takes immediate effect upon issuance and applies cumulatively to existing regulatory requirements.
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