The Alpha Group’s total assets sustained their healthy growth in the first quarter of 2016 (Q1 2016). According to Bank Data, the Alpha Group’s total assets rose by 4.9% year-on-year to $203.49B. As such, the assets of the Alpha Group would represent more than 400% of Lebanon’s GDP. Domestic assets, which constitute 85% of total assets, registered a 5.26% annual upturn to $164.49B while foreign assets, representing 20% of total assets, registered a 3.39% yearly increase to $39.00B.
Lending activity remained robust despite the general economic gloom. Overall, total customer loans grew by an annual 8.46% to $64.23B. Domestic loans, which hold a share of 69% in total loans, grew by an annual 7.94% to $44.46B. Domestically, although the share of foreign currency loans is greater than that of local currency loans, the latter managed to grow at a faster rate than the former. Loans to customers denominated in Lebanese Pounds (LBP) grew by an annual 9.45% to $11.73B while foreign currency loans progressed by a yearly 7.41% to $32.74B. This shows that loan-takers are looking to benefit from the attractive interest rates offered on the local currency loans subsidized by the Central Bank of Lebanon. The lending activity abroad was also solid with foreign loans rising by 9.65% year-on-year to $19.76B.
 Top Lebanese Banks with more than $2B in deposits
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Alpha Banks Performance Metrics for Q1 2016