According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 2.60% year-to-date (y-t-d) and by 9.11% year-on-year (y-o-y), to stand at $255.98B by June 2019.
In details, Resident customers’ deposits (which grasp 52.27% of total liabilities) decreased by 1.22% y-t-d to $133.80B by June 2019, with deposits in LBP declining by 4.08% y-t-d to $44.58B while deposits in foreign currencies recorded an uptick of 0.28% y-t-d to 89.23B. As for the Non-resident customers’ deposits (14.42% of total liabilities), they decreased by 2.13% y-t-d and totaled $36.92B over the same period on the back of a drop in deposits in LBP and in foreign currencies by 5.47% and 1.70% to $4.08B and $32.84B, respectively. As such, the dollarization ratio for private sector deposits slightly increased from 70.60% in December 2018 to 71.49% in June 2019. Accordingly, total resident and non-resident customers’ deposits stood at $170.72B in June 2019, declining by 1.42% y-t-d. In their turn, resident financial sector liabilities grew by 27.52% y-t-d to $1.40B.
On the assets side, Reserves (constituting 56.18% of total assets) recorded an 9.98% y-t-d increase to settle at $143.82 by June 2019. The increase in reserves came on the back of an 9.99% y-t-d climb in deposits with the central bank (BDL). Meanwhile, Claims on resident customers (19.13% of total assets) retreated by 5.47% y-t-d, to stand at $48.96B by June 2019. As for Claims on the government, they declined by 3.77% since the beginning of the year to stand at $33.86B. In details, the subscription to T-bills in LBP and to Eurobonds recorded a decline by 3.06% and 3.99% to $16.85B and $15.40B, respectively by June 2019.
Commercial Banks’ Total assets by June (in $B)