SAWT BEIRUT INTERNATIONAL

| 29 May 2024, Wednesday |

Clarification from Association of Banks on recent circular of Banque du Liban

The Association of Banks in Lebanon issued the following clarification:

In response to the inquiries by a number of citizens and media professionals regarding the application of the last circular of the Banque du Liban related to the request to banks to provide the Central Bank with the deposits of its customers in Lebanese pounds and foreign currencies, and after consulting with the Banque du Liban, the association is interested in clarifying to the public opinion that the required information is a statistical exchange and does not include the names of the customers, in compliance with the applicable laws. Clarification was required.