Regulatory Alerts2022-11-25 | 13504The Status of the Central Office of Credit Risk
The Governor of the Central Bank of Lebanon issued Decision No. 13504 to amend the Central Credit Risk Office System by repealing and replacing Article Three of Fundamental Decision No. 7705. The amended provision mandates that the rules under Section "First" of Article Two apply to all granted credits regardless of their value, effective as from October 2022. This circular takes immediate effect upon issuance and is published in the Official Gazette to ensure compliance by banks, financial institutions, and finance leasing companies.
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