Regulatory Alerts2018-05-11 | 12804Facilities that may be granted by BDL to banks and financial institutions
The Central Bank of Lebanon issued Intermediary Circular No. 491 to amend the foundational Decision No. 6116 regarding facilities granted to banks and financial institutions. The amendment introduces a new Article 8 bis requiring all beneficiary companies to deposit funds derived from BDL loans into dedicated bank accounts subject to BDL and Banking Control Commission supervision. This decision entered into force immediately upon its issuance on May 11, 2018.
Intermediary Circular No. 491
To Banks and Financial Institutions
We enclose for your reference Intermediary Circular No. 12804 dated 11/5/2018 concerning the amendment of the foundational Decision No. 6116 dated 7/3/1996 (Facilities that may be granted by the Central Bank of Lebanon to banks and financial institutions) attached to the Basic Circular No. 23.
Beirut, May 11, 2018
Governor of the Central Bank of Lebanon
Riad T. Salam