Regulatory Alerts1996-05-31 | 6180Central Bank of Lebanon Basic Decision No. 6180 on Housing Savings and Borrowing Programs
The Central Bank of Lebanon issued Basic Decision No. 6180 to authorize banks to implement housing savings and borrowing programs that qualify for specific regulatory exemptions. The decision mandates that participating banks maintain separate accounts, adhere to strict capital requirements of at least 10 billion Lebanese Lira, and apply defined interest rate caps tied to Treasury yields or SOFR. Furthermore, it establishes clear loan-to-savings ratios, a minimum ten-year repayment period, and a dispute resolution framework to encourage Lebanese residents and non-residents to save for purchasing, constructing, or renovating homes.
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