Regulatory Alerts2019-12-30 | 12992Added · Updated
Central Bank of Lebanon Circular No. 516: Amendment of Basic Decision No. 7835 Regarding Mandatory Reserves
The Central Bank of Lebanon issued Circular No. 516 on January 30, 2019, amending Basic Decision No. 7835 to update the regulatory framework for mandatory reserves. The amendment introduces provisions allowing banks to deduct mandatory reserves for loans reclassified as doubtful or bad debts, permits the rescheduling of loans from Lebanese Lira to US Dollars, and replaces specific reporting forms. These changes aim to refine the calculation of reserve requirements for various loan categories, including those benefiting from 2009 incentives and environmental projects.
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