According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 0.30% year-to-date (y-t-d) and by 12.15% year-on-year (y-o-y), to stand at $250.24B by February 2019.
In details, Resident customers’ deposits (which grasp 53.57% of total liabilities) decreased by an incremental 1.03% y-t-d to $134.06B by February 2019, with deposits in LBP and in foreign currencies declining by 1.14% and 0.97% y-t-d to $45.95B and $88.11B, respectively. As for the Non-resident customers’ deposits (14.65% of total liabilities), they also retreated by 2.80% y-t-d and totaled $36.67B over the same period on the back of deposits in LBP and in foreign currencies recording a decline of 3.06% and 2.76% y-t-d to $4.18B and $32.49B, respectively. As such, the dollarization ratio for private sector deposits slightly retreated from 70.62% in December 2018 to 70.60% in February 2019.
As such, total resident and non-resident customers’ deposits stood at $170.73B in the first 2 months of the year, declining by 1.41% y-t-d. In their turn, resident financial sector liabilities grew by 12.52% y-t-d to $1.24B.
On the assets side, Reserves (constituting 53.93% of total assets) recorded a 3.21% y-t-d uptick to settle at $135B by February. The increase in reserves came on the back of a 3.22% y-t-d climb in deposits with the central bank (BDL).
Meanwhile, Claims on resident customers (20.39% of total assets) retreated by 2.58% y-t-d to stand at $50.46B by February 2019.
As for Resident Securities Portfolio, they witnessed a marginal decrease of 0.28% since the beginning of the year to stand at $35.09B . In details, the subscription to T-bills in LBP decreased by 1.21% y-t-d to $17.17B while subscriptions to Eurobonds recorded an uptick of 0.95% to $16.19B by February 2019.
Commercial Banks’ Total Assets by February (in $B)