According to the central bank’s (BDL) balance sheet, total assets dropped by 7.12% year-to-date (YTD), to reach $130.59B in July 2019. In fact, the changes in the most accounts can be related to the Central Bank of Lebanon which carried out a netting operation between its “Loans to the local financial sector” and “Financial Sector Deposits”. According to BDL, this offsetting of loans with their corresponding deposits is in accordance with IFRS 7
In details, BDL’s Foreign assets (constituting 28.40% of total assets) declined by 6.51% since December 2018 to reach $37.08B, while the Securities portfolio (constituting 25.51% of total assets) recorded a 8.04% YTD uptick to settle at $33.31B over the same period. In their turn, Loans to the local financial sector (11.58% of total assets) witnessed a drop by 55.01% to $15.12B in June July. As for Gold assets (10.11% of total assets), they recorded an increase of 12.16% YTD, to stand at $13.20B.
On the liabilities side, Financial Sector Deposits (82.17% of BDL’s total liabilities) decreased by 10.42% YTD to reach $107.30B in July 2019. As for Public sector deposits, (3.26% of total liabilities), they declined by 15.20% YTD to $4.26B in July 2019.
Yearly levels of BDL’s Total Assets in July ($B)
Source: BDL