Regulatory Alerts2025-02-06 | 13696Capital Adequacy Regulatory Framework for Banks Operating in Lebanon
The Acting Governor of the Central Bank of Lebanon issued Interim Decision No. 13696 to amend Basic Decision No. 6939 by repealing and replacing paragraph (1) of "Repeated Article Six." This amendment mandates the non-distribution of profit shares to ordinary shareholders for the financial years 2019 through 2024. The decision takes immediate effect upon issuance and is formally published in the Official Gazette.
Circular No. 726
For Banks, Financial Institutions, and Supervisory Appointees
We enclose a copy of Interim Decision No. 13696 dated 2025/2/6 regarding the amendment of Basic Decision No. 6939 dated 1998/3/25 (The Regulatory Framework for the Adequacy of Funds of Banks Operating in Lebanon), attached to Basic Circular No. 44.
Beirut, on February 6, 2025
Acting Governor of the Central Bank of Lebanon
Dr. Wissam Mansouri
Interim Decision No. 13696 Amendment to Basic Decision No. 6939 dated 1998/3/25
The Governor of the Central Bank of Lebanon, pursuant to the Monetary and Discount Law, particularly Articles 70, 174, and 175 thereof, and pursuant to Basic Decision No. 6939 dated 1998/3/25 and its amendments regarding the Regulatory Framework for the Adequacy of Funds of Banks Operating in Lebanon, and based on the decision of the Central Bank Council taken in its meeting held on 2025/2/5
hereby decides as follows:
Article One: The text of paragraph (1) of "Repeated Article Six" of Basic Decision No. 6939 dated 1998/3/25 is repealed and replaced with the following text: « -1 Non-distribution of profit shares to ordinary shareholders for the financial years 2019, 2020, 2021, 2022, 2023, and 2024.»
Article Two: This decision shall take effect upon its issuance.
Article Three: This decision shall be published in the Official Gazette.
Beirut, on February 6, 2025
Acting Governor of the Central Bank of Lebanon
Dr. Wissam Mansouri