SAWT BEIRUT INTERNATIONAL

| 29 November 2021, Monday |

Important statement by Banque du Liban regarding criminal audit

Banque du Liban issued the following statement:
A virtual meeting was held between Alvarez & Marcel, Banque du Liban and the Ministry of Finance, during which the bank confirmed its continued cooperation in order to complete the audit process, and as a follow-up to the criminal audit process for removing any remaining obstacles in order to enable Alvarez & Marcel to carry out its duties.
Banque du Liban also informed A&M that it will fulfill all its requests until December 29, 2021, even if the process of preparing information and answers exceeded the above-mentioned date, and even if Law 200 (suspension of the provisions of the Bank Secrecy Law for a period of one year), was not extended on December 29, 2020.