Capital Adequacy Regulatory Framework for Banks Operating in Lebanon

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Article One: The text of paragraph (1) of "Repeated Article Six" of Basic Decision No. 6939 dated 1998/3/25 is repealed and replaced with the following text: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