RegAlert
2024-09-09 | 13660

Added · Updated

Exceptional Exemptions from Banks' Required Investments

The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13660 to amend Basic Decision No. 13217 regarding exceptional exemptions from banks' required investments. Article One repeals and replaces the first paragraph of "Article Three bis," mandating that each bank deposit an amount equivalent to 100% of the value of "funds" in cash or at the Central Bank, calculated before the external liquidity ratio. The decision takes immediate effect upon issuance and is published in the Official Gazette.

Banque du Liban logo

Lebanon

Banque du Liban

Scan of the document's first page
Share

BDL published 4 documents in the last 30 days — get each new one by email the day it lands.

Intermediary Circular No. 706 for Banks

Draft decision for intermediaries No. 706 dated 2024/9/11 regarding the intermediary circular for banks No. 13660 dated 2024/9/11 regarding exceptional exemptions from investments for banks according to the basic decision No. 13217 dated 2020/4/9 regarding the exemptions from investments for banks according to the basic decision No. 150

Beirut, on 11 July 2024
Governor of the Central Bank of Lebanon
By proxy: Dr. Wissam Mansouri

Intermediary Decision No. 13660
Amendment to Basic Decision No. 13217 dated 2020/4/9

The Governor of the Central Bank of Lebanon,
Based on Articles 70 and 174 of the Monetary and Credit Law, particularly And based on Basic Decision No. 13217 dated 2020/4/9 and its amendments regarding exceptional exemptions from investments for banks, And based on the decision of the Central Bank Council taken in its meeting held on 2024/8/21, Decides as follows:

Article One: The text of the first paragraph of "Article Three bis" of Basic Decision No. 13217 dated 2020/4/9 is repealed and replaced with the following text:
» Each bank shall deposit an amount equivalent to 100% of the value of "funds" referred to in Article One above, in cash or at the Central Bank of Lebanon in a "cash funds" account as stipulated in Basic Decision No. 13548 dated 2023/4/19 (Basic Circular No. 165), provided that this percentage is formed before the external liquidity ratio stipulated in Basic Decision No. 13262 dated 2020/8/27 (Basic Circular No. 154).«

Article Two: This decision takes effect upon its issuance.
Article Three: This decision is published in the Official Gazette.

Beirut, on 11 July 2024
Governor of the Central Bank of Lebanon
By proxy: Dr. Wissam Mansouri

Read the rest free

Lineage: In force

Exceptional Exemptions from Ban…2020Exceptional Exemptions from Banks’ Mandatory Placements (2020-04-09)Exceptional Measures to Revive …2020Exceptional Measures to Revive the Business of Banks Operating in Lebanon (2020-08-27)Electronic Settlement of Fresh …2023Electronic Settlement of Fresh Money (2023-04-19)Exceptional Exemptions fromBanks' Required Investments2024-09-09 · this documentExceptional Exemptions from Banks' Required Investments (2024-09-09)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

This document amends: Exceptional Exemptions from Banks’ Mandatory Placements

Source: Banque du Liban — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

More like this from BDL

BDL published 4 documents in the last 30 days. We email you each new one the day it's published.

Topics
capital