According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 7.49% year-to-date (y-t-d), to stand at $236.31B by July 2018.
In details, Reserves (constituting 51.01% of total assets) increased by 16.06% year to date (y-t-d) to reach $120.61B by July 2018. In fact, this rise can be attributed to the 16.07% y-t-d climb in deposits with the central bank (BDL) which settled at $120.03B by July 2018.Meanwhile, Claims on resident customers (22.08% of total assets) continued to decline recording a downtick of 2.37% y-t-d to reach $52.18B by July 2018. In details, the claims in foreign currencies decreased by 3.90% y-t-d to stand at $34.65B.Claims on non-resident customers (2.75% of total only) rose by 7.16%. Moreover, Claims on government sector rose by 4.91% since the beginning of the year to reach $34.99B noting that the stock of Eurobonds held by banks climbed by 13.77% to $16.13B by July 2018 . Meanwhile, banks subscription to T-bills decreased by 3.68% y-t-d to $16.97B.
On the liabilities side, Resident customers’ deposits (which grasp 57.22% of total liabilities) recorded an increase of 1.49% y-t-d to settle at $135.22B by July 2018. In details, deposits in foreign currencies constituting 63.54% of the total grew by 1.32% y-t-d to reach $85.93B while deposits in LBP representing 36.46% of the total recorded an uptick of 1.80% y-t-d to stand at $49.30B by July 2018.The non-resident customers’ deposits (which grasped 15.50% of the total liabilities) witnessed an increase of 4.16% since the beginning of the year and reached $36.62B by July 2018. In fact , deposits in foreign currencies (constituting 87.11% of total non-resident deposits) recorded a growth of 3.29% to $31.9B. As such , the dollarization ratio for private sector deposits declined from 68.72% in December 2017 to 68.51% in July 2018.
Commercial Banks’ Total assets by July (in $Billions)