Lebanese Central Bank makes key decision

A statement was issued by Banque du Liban regarding new measures to strengthen its management of investments in startups and business incubators, which have exceeded a total value of $300 million over the past years. Although such funding is considered unconventional for the central bank’s tasks, the bank emphasized the importance of applying high standards of accountability and transparency. It clarified that it will require banks to submit detailed reports on their current investments and their settlement plans. The bank also underscored that no processing or restructuring of assets funded by Banque du Liban may be carried out without its approval. Additionally, it will take legal action against any party that behaves inappropriately or threatens its rights, as part of its efforts to enhance supervision, protect funds, and ensure compliance in its banking relationships.

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