Investment of Banks in Real Estate — BDL — LB

Central Bank Circular No. 623

To the Banks

We enclose for your reference Decision No. 13437 dated 17/5/2022 concerning the amendment of a copy of the Central Decision No. 7462 dated 23/11/1999 (System of Real Estate Investments and Participations for Banks) attached to Central Circular No. 65.

Beirut, on 17 May 2022

Governor of the Central Bank of Lebanon

Riad T. Salam

Central Decision No. 13437
Amending Central Decision No. 7462 dated 23/11/1999 concerning the System of Real Estate Investments and Participations for Banks

The Governor of the Central Bank of Lebanon, pursuant to the Monetary and Exchange Law, particularly Articles 70, 153, and 174 thereof, and pursuant to Central Decision No. 7462 dated 23/11/1999 and its amendments concerning the System of Real Estate Investments and Participations for Banks, and pursuant to the decision taken by the Central Bank Council in its meeting held on 11/5/2022,

hereby decides as follows:

Article One: The text of Article Thirteen of the System of Real Estate Investments and Participations for Banks
attached to Central Decision No. 7462 dated 23/11/1999 is repealed.

Article Two: This Decision shall take effect upon its issuance.

Article Three: This Decision shall be published in the Official Gazette.

Beirut, on 17 May 2022

Governor of the Central Bank of Lebanon

Riad T. Salam

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Amends

Central Decision No. 7462 dated 23/11/1999Not in RegAlert
“We enclose for your reference Decision No. 13437 dated 17/5/2022 concerning the amendment of a copy of the Central Decision No. 7462 dated 23/11/1999”