Regulatory Alerts2026-05-21 | 13819Added · Updated
Conditions for the Establishment and Functioning of Finance Companies
The Bank of Lebanon, through Governor Karim Saeed and Basic Decision No. 13819 dated May 21, 2026, establishes comprehensive licensing and operational conditions for Finance Companies across three service categories (Lending, Fiduciary, Microfinance). The regulation mandates strict capital thresholds ranging from 50 to 300 billion LBP, enforces a 'Proper & Fit' standard for founders and executives, and imposes rigorous governance, risk management, IT security, and compliance frameworks. Furthermore, it delineates specific capital requirements, lending limits, outsourcing restrictions, and operational timelines to ensure market stability, client protection, and sustainable financial sector growth.
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