Central Bank's Latest Announcement

A statement was issued by Banque Lebanon clarifying that it has made amendments to Article 8 bis of its Decision No. 6116 in order to strengthen governance and oversight of investments. These investments, which have been financed by banks since 2013, amount to over $300 million and are intended to support startups, incubators, and venture capital. The bank emphasized that these financings are subject to high standards of transparency and governance, and it will take strict measures against any party that fails to meet obligations or jeopardizes its investments, including judicial actions. The purpose of the decision is to reaffirm principles of accountability and financial discipline, while ensuring the protection of the bank's assets and the recovery of amounts owed to it.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article