BDL Swap Kept on Boosting BDL’s Balance Sheet by October 2016
The balance sheet of the Lebanese Central Bank (BdL) showed a 14% increase y-t-d in BDL’s assets to $103.65B.
Due to the BDL swap operation, whose aim was to boost its foreign assets, BDL’s foreign assets, constituting 39.13% of total assets, witnessed a 9.36% y-t-d incline to $40.56B. Moreover, the securities’ portfolio (24.93% of the total assets) increased by 43.31% during the first 10 months of the year to reach $25.84B by October 2016. Also, as gold prices rose since the beginning of the year to reach $1,277/ounce end of October, gold reserves’ value (11.32% of total assets) increased 19.18% y-t-d to $11.74B by October this year.
Loans to the financial sector (5.82% share of total assets) increased by 20% since year start to stand at $6.03B in October 2016.
As for the liabilities, financial sector deposits, contributing to 79.70% of the total, rose by 11.22% during the same period to $82.61B. Furthermore, public sector deposits (6.15% of total liabilities) witnessed a rise of 17.84% to reach $6.37B in October 2016.
BDL’s Total Assets in October (in $B)
Source: BDL
