Total BDL Assets Steadied in Mid-November 2017

According to the balance sheet of the Lebanese Central Bank (BdL), total assets rose by 14.78% year-to-date (y-t-d), and stagnated compared to the previous month, to reach $117.45B in mid-November.

In fact, as result of the unexpected resignations of PM Saad Hariri, some investors have exchanged their LBP accounts into US Dollar. In fact, foreign assets (constituting 36.34% of total assets) dropped by 1.80% from $43.48B, end of October 2017, to $42.68B in mid-November 2017. Moreover, loans to the local financial sector (grasping a 9.82% share of total assets) rose by 7.16% to $10.91B, during the same time. However, this drop should be accompanied by a rise in Commercial banks’ foreign assets, if no or little money was transferred outside the country.

Gold reserves (10.09% of the total assets) rose by 0.94% from end of October to $11.86B in mid-November 2017.

On the liabilities side, financial sector deposits, grasping a share of 80.79% of total liabilities, fell by a monthly 1.55% during the same period to $94.89B. Meanwhile, Public sector deposits (5.17% of total liabilities) grew by 8.66% compared to mid- October levels, to reach $6.08B in mid- November 2017.


BDL’s Total Assets in mid-November (in $B)

Total BDL Assets Steadied in Mid-November 2017

Source: BDL



Leave a Reply

Your email address will not be published. Required fields are marked *