VOL. XLVII

No 10

08-March-2004

LEBANON

REGIONAL BANKING

CBL Authorizes Lebanese Banks To Invest In New Financial Instruments

In an effort to boost Lebanons role as a regional and international center for banking and finance, the Central Bank of Lebanon (CBL) has authorized banks to purchase financial paper issued by official or private entities, provided that these instruments have a minimum rating of BBB from the rating agencies and the value of investment in this paper does not exceed 25% of the...