Conditions for the Establishment and Operation of Financial Institutions

The Governor of the Central Bank of Lebanon issued Central Bank Decision No. 12861 to amend Decision No. 7136 regarding the establishment and operation of financial institutions. The amendment introduces specific capital requirements for institutions focused on microfinance and grants them exemptions from certain compliance and examination obligations. It also regulates the opening of satellite offices for microfinance activities and updates the mandatory provisions for financial institutions' bylaws.