BDL Circular 547 - dated 23rd March 2020

March 23, 2020

BDL Circular 547 - dated 23rd March 2020

Dear All,

Please be informed that the Central Bank (BDL) issued today the Circular #547 asking the Lebanese commercial banks and financial institutions to grant interest free (0%) loans in LBP and USD to companies and individuals already being granted loans to cover the payment of the installments of the three coming months (March, April and May 2020) and the salaries of their employees. These interest free loans are to be repaid to banks over a period of 5 years.

For more details, please check the attached soft copy on this BDL Circular #547.

Best regards,