Source : Foreign Exchange and International Operations Department, Banque du LibanFrequency : DailyFile format : Microsoft ExcelUpdate Frequency : Bi-Weekly
Director : Mohsen Berri
The unit’s mission is to raise awareness of the corporate governance culture and to enhance and advance its concept in the financial and banking sectors through promoting transparency and the development of effective monitoring and controls. The unit advocates international best practices and proposes regulations, policies and systems aiming at developing corporate governance frameworks at banks and financial institutions, and follows their sound implementation in these sectors.
Director : Carine Chartouni
The role of the Compliance Unit (CU) established at Banque du Liban (BDL) is to ensure the compliance of BDL's departments as well as banks and regulated institutions with applicable laws and regulations, particularly in relation to combating money laundering and the financing of terrorism and proliferation.
The purpose of the CU includes proposing measures to prevent and/or manage the risks that could arise in case of non-compliance with these laws and regulations.
The CU will report directly to his Excellency the Governor, Riad Salameh.
Director: Marianne Hoayek
Established in 2007, the Executive Office reports directly to the Governor.It is entrusted with many functions, among which the following:
- To manage and follow up the organizational and reform projects that fall within the BDL strategic orientation and the programs approved by the Governor.
- To give its opinion concerning these projects and to submit the relevant proposals.
- To coordinate with the concerned departments, units and branches, in order to implement these projects within the specified time limits.
- To identify the problems that hinder the projects’ implementation and to collect the relevant information and data for submission to the Governor.
- To attend the meetings that concern the projects’ implementation and to follow up the implementation of the decisions taken.
- To verify the proper implementation of the administrative memos relating to these projects, in coordination with both the Audit and Inspection Department and the Organization and Development Department.
- To submit to the Governor periodic reports on the projects’ progress.
- To follow up the implementation of BDL Intermediate Circular No 331 issued in August 2013, with a view to boost the Lebanese economy by granting facilities to banks that support Startups and Knowledge Economy, and to study all related files referred by the Governor.
- To handle all public relations on the local and international levels, as requested by the Governor.
- To manage and consolidate the data of both the Investment Committee and the Open Market Committee.
- To examine thoroughly the employees’ loan requests referred by the Mini Bank, then to submit the relevant reports to the Governor.
- To review employees’ training needs and the reports sent by the Training Department concerning any training, and to submit the relevant proposals to the Governor.
- To follow up personal requests submitted by BDL employees to the Governor.
- To submit proposals for the development of BDL Corporate Social Responsibility (CSR), through the organization of social projects and events and the launching of related initiatives.
- To develop solutions, through the Executive Office Web Platform (EOWP), in order to run the BDL information and administrative work. These solutions include: the latest news (BDL Governor’s statements, press articles, and worldwide economic and financial news); BDL administrative texts (all BDL decisions, Circulars, and administrative memos, etc.); all incoming and outgoing correspondence; all training information (internal and external sessions provided to BDL employees, the participation modalities, and attendants’ reports); CPI data collector; administrative software for the Capital Markets Authority etc.
- To carry out any other specific task, upon the Governor’s request.
Director : Wael Hamdan
Functions of the Financing Unit:The Financing Unit is responsible for studying applications submitted by banks, financial institutions and leasing companies related to the approval of the Central Bank to subsidize interest on loans extended to productive economic sectors. In addition, the Financing Unit is also in charge of reviewing applications for granting limit facilities for exemptions from the required reserve and decreases from the time deposits subject to the required reserve presented by commercial banks.It also examines and negotiates financing programs presented by international institutions and coordinates with banks and other intermediary financial institutions, in this regard.The unit is divided into 3 divisions:
The Financing Unit coordinates with the Legal, Statistics and Banks departments in addition to the Banking Control Commission. Also the unit closely works with Kafalat, and international financial institutions such as EIB, AFD, IFC, and the World Bank.
- Interest Rate Subsidy:
- Financing Programs:
- Facilities in Reserve Requirement:
SubsidyWith the aim of stimulating lending and encouraging economic growth, the Lebanese Republic, through BDL, offers interest rates subsidies on loans granted to productive sectors, by banks, financial institutions and leasing companies in order reduce the cost of financing on SMEs and startups. Eligible Loans can be extended in Lebanese pounds or in foreign currencies and must be entirely invested in sectors such as agriculture, tourism, industry, handicrafts and information technology.Related circularsBasic: 80Intermediary: 286, 195, 187, 149, 135, 121, 57
Facilities in Reserve RequirementOne of the objectives of BDL is to facilitate financing investments in specific economic sectors. In order to encourage commercial banks to enhance their medium and long term lending to SMEs, startups and individuals, BDL offers facilities in reserve requirements whenever these banks extend loans, in Lebanese pounds or in foreign currencies, to specific sectors such as productive, housing, education, environment and others. This will help reduce the cost of interest rates on the final beneficiary.Related circularsBasic: 84Intermediary: 306, 291, 287, 278, 246, 243, 236, 235, 231, 227, 213, 210, 199, 198, 197, 191, 186, 185, 180, 167, 147, 139, 134, 68, 58, 27, 25
Director : Eli Abi Saber
This unit is responsible for:Preparing a budget draft of the physical fixed assets according to the needs of each BDL department and branch, as well as, the banking control commission and the special investigation commission.
- Receiving all departments and branches purchase requisitions.
- Following-up the requisites for assets as per the governor demand.
- Inviting tender offers for all kind of purchases (including maintenance and repair services contracts).
- Issuing a purchase order and, if necessity be, a purchasing contract in collaboration with the legal department.
Director : Joseph Assaf
The “Mini-Bank” is responsible for providing retail banking services to BDL employees such as:
- Managing accounts and their related operations and transactions: banking accounts and domiciliation accounts...
- Receiving Loans’ applications and doing the necessary studies and follow-up: housing loans, car loans and personal loans…
- Issuing payment Cards: debit and credit cards.
- Managing Insurance portfolio: life insurance and all-risks insurance related to loans granted…
- Developing other types of banking services.
Director: Rodolphe MouciThe Unit monitors the stability of the overall financial sector, and in particular the banking sector, on an ongoing basis from a macro-prudential forward-looking perspective aiming at mitigating the likelihood of systemic risk through timely identification of potential threats to financial stability.Within this context, the Unit operates a comprehensive Early Warning System and consolidates data from a multitude of sources for further analysis and reporting purposes, based on which policy recommendations are made to the Governor.
Head : Halim Berti