According to the Lebanese Central Banks’s (BDL) balance sheet, total assets recorded a 6.79% y-t-d growth by July 2017 to reach $109.28B.
Foreign assets (38.58% of total assets) and securities portfolio (25.23% of the total assets) rose by 3.56% y-t-d and 6.69% y-t-d to reach $42.15B and $27.57B, respectively. Moreover, gold reserves (10.63% of total assets), increased by 8.49% from Dec 2016’s level to $11.61B. The rise in gold reserves can be attributed to the 9.58% y-t-d rise in international gold prices to $1,270.30/ounce by July 2017.
As for loans to the financial sector (5.16% share of total assets), they plunged by 11.94% to $5.63B by the seventh month of the year.
On the liabilities side, financial sector deposits, with a share of 80.60% of the total, rose 4.65% since the beginning of the year to $88.07B in July 2017. Similarly, public sector deposits (5.82% of total liabilities) increased by 15.26% y-t-d to reach $6.36B in July 2017.
BDL’s Total Assets in July (in $B)
Source: BDL