Regulatory Alerts2024-08-14 | 13655Interest Rates and Inter-Bank Credit Volume
Banque du Liban, through Acting Governor Dr. Wasim Mansouri, issued Circular Decision No. 13655 to amend Basic Decision No. 5803 by updating its title and mandating daily submissions of the -3INT data form detailing inter-bank credit volume across Lebanese Lira, US Dollar, and Euro. The revised regulation requires all operating banks and financial institutions to report borrowing and lending operations directly or indirectly, specifying interest rates with two to five decimal places and whole-number amounts. Effective immediately upon issuance and publication in the Official Gazette, this decision standardizes daily statistical reporting to enhance transparency in Lebanon's inter-bank lending market.
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