According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 1.38%, month-on-month (m-o-m), to stand at $213.80B in January 2020.
In details, Resident customers’ deposits (which grasp 57.21% of total liabilities) decreased monthly by 2.18% ($2.72B) to $122.30B in January 2020, with deposits in LBP and in foreign currencies declining by 5.39% and 0.95% m-o-m to $32.61B and $89.69B, respectively. As for the Non-resident customers’ deposits (14.67% of total liabilities), they retreated monthly by 3.36% ($1B) and totaled $31.36B over the same period on the back of a drop in deposits in LBP and in foreign currencies by 4.70% and 3.22% to $2.99B and $28.37B, respectively. As such, the dollarization ratio for private sector deposits increased from 76.02% in December 2019 to 76.70% in January 2020. In their turn, resident financial sector liabilities rose by 4.13% to $1.44B.
On the assets side, Reserves (constituting 55.40% of total assets) recorded a monthly uptick of 0.20% to settle at $118.45B in January 2020. Despite the increase in reserves, deposits with the central bank (BDL) (99.32% of total reserves) recorded a monthly downtick of 0.07% to reach $117.64B. Meanwhile, the current economic crisis weighted on Claims on resident customers (19.77% of total assets) which retreated by 3.75%, to stand at $42.26B in Jan.2020. As for Claims on the government, they declined by 4.87% during the year to stand at $28.59B. In details, the subscription to T-bills in LBP and to Eurobonds recorded a decline by 2.30% and 8.08% to $14.30B and $12.70B, respectively in Jan. 2020.
Total Private Sector Deposits