Regulatory Alerts2018-02-01 | 12755Added · Updated
Central Bank of Lebanon Circular No. 12755: Amendments to Decision No. 6116 and Decision No. 7835 Regarding Financial Facilities and Reserve Requirements
The Central Bank of Lebanon adds a new Article 11 bis to Decision No. 6116, establishing a support mechanism for banks granting specific loans to clients before December 31, 2018. This support applies to a wide range of loan categories, including R&D, green energy, education, SMEs, and various housing loans linked to specific government protocols or targeting expatriates. The document sets maximum aggregate limits for certain loan types, defines eligibility criteria such as loan duration and interest rate caps, and mandates individual or aggregate approval requests from banks. It also amends Decision No. 7835 by suspending reserve requirements for loans approved after December 20, 2017, and repeals the final paragraph of Article 25 bis of that decision.
Circular No. 485
For Banks and Financial Institutions
We enclose for you a copy of Mediator Decision No. 12755 dated 1/2/2018 regarding the amendment of:
- Mediator Decision No. 6116 dated 7/3/1996 (Facilities that the Central Bank of Lebanon may grant to banks and financial institutions) attached to Basic Circular No. 23.
- Basic Decision No. 7835 dated 2/6/2001 (Mandatory Reserves) attached to Basic Decision No. 84.
Beirut, on 1 February 2018 Governor of the Central Bank of Lebanon
Riad T. Safra
More like this from BDL
BDL published 2 documents in the last 30 days. We email you each new one the day it's published.