Regulatory Alerts2018-10-05 | 12887Facilities that may be granted by BDL to banks and financial institutions
The Central Bank of Lebanon issued Intermediary Circular 509 to amend Decision No. 6116 regarding financial facilities granted to banks and financial institutions. The amendment introduces new provisions for US Dollar loans for higher education studies, updates the scope of specific loan categories, and adds a new loan type to the BDL-PB table with defined interest rate and support limits. These changes were adopted by the Central Bank Council on October 3, 2018, and became effective immediately upon issuance.
Intermediary Circular 509
For Banks and Financial Institutions
We refer you to Circular No. 12887 dated 5/10/2018 concerning the amendment of the Basic Decision, a copy of which is attached to Intermediary Circular No. 6116 dated 7/3/1996 (Facilities that may be granted by the Central Bank of Lebanon to Banks and Financial Institutions) attached to Basic Circular No. 23.
Beirut, on 5 November 2018
Governor of the Central Bank of Lebanon
Riad T. Safra