The Central Bank’s (BDL’s) balance sheet started the year with a 0.86% monthly uptick in its total assets which stood at $142.58B by January 2020. In details, BDL foreign assets (constituting 25.71% of total assets) recorded a monthly decline by 1.65% (613M) to reach $36.66B by Jan 2020. In fact, this can be related to the fact that the Central Bank is using the foreign assets to cover the imports of essential goods, including fuel, wheat and medicine.
Meanwhile, BDL’s Securities portfolio (26.73% of total assets) added 0.33% y-t-d to settle at $26.73B by Jan 2020. In their turn, Loans to the local financial sector (10.42% of total assets) witnessed a drop by 0.52% to $14.86B by Jan 2020. As for Gold assets (10.22% of total assets), they recorded a monthly increase of 4.52%, to stand at $14.57B. In details, Gold prices rose monthly by 5.21% to $1,589/ounce by the end of Jan, 2020.
On the liabilities side, Financial Sector Deposits (78.82% of BDL’s total liabilities) increased since the start of year by 0.33% to settle at $112.38B in Jan 2020, while Public sector deposits (3.71% of total liabilities) retreated monthly by 2.78% to stand at $5.29B over the same period. Worth mentioning that Currency in Circulation Outside BDL (5.56% of BDL’s total liabilities) witnessed the highest monthly rise by 13.19% to reach $7.93B in Jan 2020. In fact, the increase in Currency in circulation and in Demand deposits in LBP is due to the financial instability and Lebanese preferring to keep cash money.
BDL Total and Foreign Assets by January