Regulatory Alerts2017-11-07 | 12715Financial Facilities from BDL to Banks and Financial Institutions
The Central Bank of Lebanon issued Mediator Decision No. 12715 to amend the regulatory framework for financial facilities granted to banks and financial institutions. The decision repeals and replaces specific provisions regarding interest-free USD lending to companies and the mandatory investment of these facilities in USD-denominated securities. These amendments were adopted by the Central Bank Council on November 12, 2017, and the decision became effective immediately upon issuance.
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