Hello. First thing's first... This is a study still under examination. The abstract and other details can be found here:
http://www.jbc.org/content/285/12/8646.abstract
Lectins are proteins that, much like our antibodies (which are also proteins), bind to chemical structures nearby. In this study, the lectins binded to sugar complexes on the viruses. This binding seems to render the virus inactive (just like antibodies do, except that HIV targets cells that work with antibodies to fight off infection, thus evading the immune response).
We need to be aware of a couple of things. First, this study was done "in vitro", at a lab. It was not done "in vivo", on human subjects. So, yes, the lectin protein (the "lec" in Ban Lec) may work. It has the potential, but it will take controlled, randomized clinical trials to determine if what is seen in the lab (in vitro) applies to the human being (in vivo).
This is true of all research studies from beginning to end; They need to be reproducible, coherent, and just plain make sense. It makes sense that lectins would inactivate HIV viruses. It's what they do. Can this be extrapolated to use in humans? Maybe. Only time and good clinical trials will tell.
CAUTION: Do not go replacing banana extracts or any purported extracts claiming to have this chemical for currently proven, recommended, and licensed medications/strategies for treatment and prevention of HIV infection.