Regulatory Alerts2023-06-19 | 13556Intermediary Circular No. 670 Amending Basic Decisions on Mandatory Reserve Requirements for Banks and Islamic Banks
Banque du Liban issued Intermediary Decision No. 13556 to amend Basic Decisions No. 7835 and No. 9763, fundamentally updating the calculation framework for mandatory reserve requirements by redefining liable liabilities, specifying eligible cash balances, and replacing all reporting forms. The decision introduces revised deduction tables for time liabilities and mandatory reserves, applying specific multipliers and ratios to various loan categories, including green projects, housing, and 2009 incentive programs. It mandates compliance for the period from June 15 to June 21, 2023, and requires immediate publication in the Official Gazette.
Share