Round-table organised at ESA Business School by the IFG (Institute for Finance and Governance).

 

Beirut on September 18, 2017

The Institute for Finance and Governance (IFG) organized a round table in partnership with the Banking Control Commission at its premises in the ESA Business School.

A large number of Chairmen and General Managers attended the meeting that aimed to discuss the contents and goals of the two circulars 135 (BDL) and 284 (BCC).

Mr. Samir Hammoud, Chairman of the Banking Commission, opened the session by introducing the circumstances and purposes of the two circulars.

It is to be noted that the abovementioned circulars call upon banks to avoid having recourse to legal actions when it comes to clients able to survive, and instead assist them by offering them a possibility to restructure their debts.

Mr. Samir Hammoud thus emphasized the necessity for banks to focus on companies of all sizes that show at the same time weakness signs and readiness to rebound and subsist since giving them support in times of financial difficulty can help boosting the Lebanese economic sector.

Many questions were brought by attendees in order to understand the two circulars and particularly their way of application.

In general, Banks praised the discussed issues related to the circulars and showed their readiness, when necessary, to adapt their policy to some clients.

Institute for Finance and Governance (IFG)

Established in 2015 by the Central bank of Lebanon, the Institute for Finance and Governance is managed by the Esa Business School. IFG is a center of expertise, exchanges and reflections for the private sector and particularly the Lebanese and regional banking sector. The institute provides expertise related to finance, regulation and governance amid the Middle East, adapt the knowledge to the region and facilitate its diffusion within the banking sector.

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