According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 1.67% year-to-date (y-t-d) and by 12.08% year-on-year (y-o-y), to stand at $253.65B by April 2019.
In details, Resident customers’ deposits (which grasp 52.92% of total liabilities) decreased by 0.91% y-t-d to $134.22B by April 2019, with deposits in LBP and foreign currencies declining by 2.07% and 0.31% y-t-d to $45.52B and 88.71B, respectively. As for the Non-resident customers’ deposits (14.67% of total liabilities), they decreased by 1.35% y-t-d and totaled $37.21B over the same period on the back of a drop in deposits in LBP and in foreign currencies by 1.36% and 1.35% to $4.25B and $32.96B, respectively. As such, the dollarization ratio for private sector deposits slightly increased from 70.60% in December 2018 to 70.93% in April 2019. Accordingly, total resident and non-resident customers’ deposits stood at $171.43B in April 2019, declining by 1% y-t-d. In their turn, resident financial sector liabilities grew by 15.69% y-t-d to $1.28B.
On the assets side, Reserves (constituting 54.97% of total assets) recorded a 6.62% y-t-d increase to settle at $139.42 by April 2019. The increase in reserves came on the back of a 6.62% y-t-d climb in deposits with the central bank (BDL). Meanwhile, Claims on resident customers (19.56% of total assets) retreated by 4.21% y-t-d, to stand at $49.62B by April 2019. As for Claims on the government, they declined by 1.66% since the beginning of the year to stand at $34.61B. In details, the subscription to T-bills in LBP and to Eurobonds recorded a decline by 2.04% and 0.63% to $17.02B and $15.94B, respectively by April 2019.
Commercial Banks’ Total assets by April (in $B)