Total BDL Assets rose 12% Since the Beginning of the Year

According to the balance sheet of the Lebanese Central Bank (BdL), total assets rose 2.21% from Mid-July’s 2016 level to reach $101.81B in mid- August 2016, registering a 12% y-t-d growth.

This increase can be justified by the rise in foreign assets (36.24% of total assets) which mounted 1.86% between mid-July and Mid-August of 2016 to $36.75B. Similarly, securities’ portfolio (23.38% of the total assets) registered an uprise of 6.35% over the same period to reach $25.83B by the mid-August 2016. Moreover, as gold prices rose 0.15% to $1,339per ounce between mid-July and mid-August 2016, the value of gold reserves at the Lebanese Central Bank (12.12% of total assets) increased by 0.37% to $12.34B by mid-August this year.

As for loans to the financial sector (5% share of total assets), they slightly dropped from $5.17B in mid-July 2016 to $5.08B in mid-August 2016.

On the liabilities side, financial sector deposits, grasping a 78.88% share of the total, went up by 1.85% during the same period to $80.31B. Also, public sector deposits (6.69% of total liabilities) grew 8.84% to reach $6.81B in August 15, 2016.

BDL’s Total Assets in mid-August (in $B)

Total BDL Assets rose 12% Since the Beginning of the Year

Source: BDL

Leave a Reply

Your email address will not be published. Required fields are marked *