Interest Rates and Inter-Bank Credit Volume

Circular Decision No. 704

To Banks and Financial Institutions

We send you Circular Decision No. 13655 dated August 14, 2024, concerning the amendment of Basic Decision No. 5803 dated February 16, 1995, regarding interest rates and inter-bank credit volume, subject of the main circular for banks No. 18.

Beirut, August 14, 2024

Acting Governor of Banque du Liban
Dr. Wasim Mansouri

Circular Decision No. 13655
Amendment of Basic Decision No. 5803 dated February 16, 1995

The Governor of Banque du Liban,
Pursuant to the Monetary and Loans Law, particularly Article 146 thereof, And pursuant to Basic Decision No. 5803 dated February 16, 1995, and its amendments concerning interest rates and inter-bank credit volume between banks, And pursuant to the decision of the Central Council of Banque du Liban taken in its meeting held on August 14, 2024,

Has decided as follows:

Article One: The title of Basic Decision No. 5803 dated February 16, 1995 is repealed and replaced with the following title:
"Interest Rates and Inter-Bank Credit Volume between Banks and Financial Institutions."

Article Two: The text of Item (3) in Article One of Basic Decision No. 5803 dated February 16, 1995 is repealed and replaced with the following text:
"3. Banks and financial institutions operating in Lebanon are required to provide the Statistics and Economic Research Department at Banque du Liban daily with the data (-3INT) attached to this decision, concerning inter-bank credit volume between:

• Banks.
• Banks and financial institutions.
• Financial institutions."

Article Three: The text of Statement No. 3-INT attached to Basic Decision No. 5803 dated February 16, 1995 is repealed and replaced with the statement attached to this decision.

Article Four: This decision takes effect upon its issuance.

Article Five: This decision is published in the Official Gazette.

Beirut, August 14, 2024
Acting Governor of Banque du Liban
Dr. Wasim Mansouri

Banque du Liban
Reference No.: ..........
Statistics and Economic Research Department
Institution Name: ...................................
eSTR
Statement 3-INT
Lending and Borrowing Operations between Banks / Financial Institutions / Banks and Financial Institutions, in Lebanese Lira, US Dollar, and Euro
Date: .........../........./........

Type of Operation	Currency (LBP/USD/EUR)	Actual Duration (Days)	Nominal Value	Interest Rate	Counterparty Institution	Direct / Indirect *
Borrowing / or Lending

Notes:
A. The interest rate must be stated with at least two or up to five decimal places.
B. Amounts are stated in whole numbers without fractions.
C. Each operation is declared separately.

• Operations are executed indirectly via a financial or intermediary institution, exclusively, and the name of the executing institution must be stated.

Responsible Person Name: ...................
Phone Number: ...................
Department: ......................