Regulatory Alerts2007-07-27 | 13466Reserve Requirements and Facilities Granted by BDL to Banks and Financial Institutions
The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13466 to amend Central Decisions No. 6116 and No. 7835, exempting banks from prior BDL approval for the early repayment of designated housing, higher education, and environmental loans. The amended provisions specifically waive approval requirements for housing loans backed by protocols with key public institutions, educational loans, and environmental loans exceeding thirty million Lebanese pounds. These exemptions apply retroactively to pending requests submitted before the decision’s issuance, mandating immediate notification to BDL’s Financing Unit and the provision of updated repayment schedules upon request.
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