The consolidated balance sheet of Lebanon’s commercial banks revealed a 1.04% year-to-date increase (y-t-d) and a 4.75% year-on-year (y-o-y) advance in total assets to $187.92B.
Claims on the resident private sector increased by 1.4% since year-start to $48.72B with claims denominated in Lebanese Pound advancing at a rate of 2.6% y-t-d to $14.01B and with claims in foreign currencies advancing at a 0.9% y-t-d rate to $34.72B.
Claims on the non-resident private sector advanced by 4.8% y-t-d to $6.48B while claims on the non-resident financial sector regressed by 8.1% y-t-d to $10.62B.
Claims on the public sector advanced by 1.2% since year-start to $38.25B with the banks’ subscription to treasury bills in LBP falling by 3.6% to $19.33B and with the banks’ subscription to Eurobonds growing by 6.7% y-t-d to $18.82B.
In terms of liabilities, resident private sector deposits inched up by 1.23% to $121.20B with deposits in LBP edging up by 1.31% to $49.45B and with deposits in foreign currencies edging up by 1.18% to $71.75B.
Non-resident private sector deposits fell by 0.42% since year-start to $31.72B with LBP deposits rising by 1.22% since year-start to $4.49B and with foreign currency deposits slipping by 0.69% y-t-d to $27.24B.
The dollarization of private sector deposits dropped from 64.88% in December 2015 to 64.73% in April 2016.
Total Commercial Banks’ Assets By April
Source: BDL