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Establishment
Procedure
/ Release of the Blocked Amounts / Sources
of Funds / Restrictions
/ Uses of Funds /Credit
Restrictions / Intermediation
/ Investments / Reserves
2. Release
of the Blocked Amounts
The amounts blocked in the account of the ¡°foreign
financial Institution¡¯s Branch Under Establishment¡± are released upon
a request presented to the Bank of Lebanon.
A transfer is allowed either to a credit current account
opened in the name of the foreign financial institution¡¯s branch at
the Bank of Lebanon or to any other account opened in its name at
any other bank or banks.
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