Lebanese Commercial Banks’ Total Assets Rose by 1.89% y-t-d by June 2017

According to Lebanon’s commercial banks’ balance sheet, total assets increased 1.89% year-to-date (y-t-d) from $204.31B by the end of 2017 to $208.16B by June 2017.

On a year-to-date basis, the rise can be mainly justified by the 0.44% and 3.42% respective increases in reserves and claims on the resident private sector to $90.15B and $52.79B, which make up 43.31% and 25.36% of total assets.

Moreover, by June 2017, reserves increased due to a growth of 0.37% in deposits with central bank, while claims on resident private sector increased due to a rise of 7.91% in claims in Lebanese Pounds from $15.67B in December 2016 to $16.89B by June 2017.

Moreover, both claims on public sector and foreign assets observed respective inclines of 3.55% and 1.65% by June 2017. The main component behind the rise in foreign assets was claims on non-resident financial sector that increased by 8.46% y-t-d to $12.19B, while the increase in claims on public sector is attributed to the higher subscription to Eurobonds.  The latter dropped by 5.63% since year-start to $16.25B.

Resident private sector deposits were the main driver of the rise in liabilities. In details, the mentioned deposits, making up to two-thirds of total liabilities, escalated by 3.44% y-t-d to $132.96B.

Moreover, the dollarization ratio for private sector deposits slightly rose from 65.82% in December 2016 to 66.71% in June 2017.

Commercial Banks’ Total assets by June                (in Billions $)

Lebanese Commercial Banks’ Total Assets Rose by 1.89% y-t-d by June 2017

Source: BDL

 

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