Regulatory Alerts2000-12-21 | 7739Conditions for the Establishment of Banks in Lebanon
Issued by the Governor of the Central Bank of Lebanon on December 21, 2000, this Basic Decision establishes the capital requirements and licensing procedures for establishing Lebanese banks and foreign bank branches in Lebanon. It mandates a minimum capital of ten billion Lebanese Lira for standard banks and thirty billion Lira for specialized institutions, with a portion frozen as security at the Lebanese Treasury. The regulation outlines comprehensive documentation, feasibility studies, and competence criteria for founders and executives, while granting the Central Council authority to approve licenses based on economic viability and compliance with prevailing monetary and banking laws.
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