Lebanese Commercial Banks’ Total Assets Up by 7.36% to $199.67B by October 2016

According to Lebanon’s commercial banks’ balance sheet, total assets witnessed an uprise of 7.36% year-to-date (y-t-d) and 9.55% annually to $199.67B by October 2016.

On a year-to-date basis, reserves rose by 23.63% to $87.77B due to a 23.73% increase in deposits with central bank. Also, claims on resident private sector increased 5.01% to $50.45B, as claims in Lebanese Pounds rose by 11.84% to $15.26B.

However, both claims on public sector and foreign assets observed respective drops of 8.11% and 11.65% by October 2016 to $34.73B and $21.02B. The drop in foreign assets can be mainly attributed to the decline in claims on non-resident financial sector that plunged 23.18% y-t-d to $8.88B, while the decrease in claims on public sector is primarily justified by the lower subscription to treasury bills in LBP that dropped by 10.69% since year-start to $17.92B.

As for the liabilities, the rise was caused by the 4.20% rise in resident private sector deposits, which constitutes two-thirds of total liabilities, to reach $124.76B by October 2016.

 Moreover, the dollarization ratio for private sector loans decreased from 74.83% in December 2015 to 73.07% in October 2016, and the dollarization ratio for private sector deposits slightly rose from 64.88% in December 2015 to 65.10% in October 2016.

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

Lebanese Commercial Banks’ Total Assets Up by 7.36% to $199.67B by October 2016

Source: BDL

 

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