Banque Du Liban’s (BDL) Balance Sheet revealed a 12.56% year-on-year (y-o-y) increase in assets to $102.3B by Dec.2016.
BDL’s swap operation in July was mainly behind the 9.75% yearly uptick in the central bank’s foreign assets (39.78% of total assets) to $40.71B. The swap also increased the Securities Portfolio (25.26% of total assets) by 43.29% y-o-y over the same period to settle at $25.8B.
As average gold prices rose by a yearly 2.87% to $1,217 per ounce by Dec.2016, the value of BDL’s gold reserves (10.46% of total assets) rose by 8.7% y-o-y to stand at $10.71B. Loans extended to the local financial sector constituted 6.25% of total BDL assets and rose by 27.34% y-o-y to $6.4B.
As for BDL liabilities, financial sector deposits grasping 82.25% of total liabilities escalated by a yearly 13.31% to stand at $84.16B.
Yearly Evolution of BDL’s Foreign Assets and Financial Sector Deposits ($B)