Economic Digest

Short analyses about Lebanon’s latest economic indicators, updated on a monthly basis

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Lebanon’s Fiscal Deficit Down by 30.35% YOY to $2.80B by October 2020

According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.80B by October 2020, down from last year’s $4.02B. In detail, the substantial deficit is attributed ... read more

Can BDL Legally Continue Printing Money Unabated?

Lebanon struggles today amid galloping high inflation, characterized by an uncontrolled rise in prices. Undoubtedly, the main cause of this hyperinflation can be attributed to the increased supply of cash ... read more

BDL Foreign Assets continue its yearly Contraction at 37.13% Reaching $21.64B by April 2021

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 3.93% compared to last year, to reach $154.71B by end of April 2021. Reasons behind the increase include the ... read more

Bank Audi Publishes its Audited Consolidated Financial Results for End 2020

Bank Audi published this week its audited consolidated financial results for end 2020. The Bank said in its statement that the unprecedented tough operating environment in Lebanon – reflected in a lasting ... read more

Lebanon’s Balance of Payments Deficit Stood at $847.2M by March 2021; BDL Launches its Platform “Sayrafa” for FX Transactions

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $847.2M by March 2021, compared to a deficit of $1062.1M over the same period last year. Accordingly, Net foreign Assets ... read more

Lebanese Commercial Banks’ Total Assets Up Year to Date by 0.95% to $186.26B by March 2021

With the financial crisis and political uncertainty, Lebanese commercial banks’ health is Jeopardized. Total assets of Lebanese commercial banks decreased by 0.95%, year-to-date (y-t-d), and stood at ... read more

Capital Control Law to Stem the Hemorrhage of Foreign Reserves

After October 2019, transferring money abroad has become almost unfeasible due to the informal restrictions applied by the commercial banks in Lebanon. Likewise, economists claim that formal capital ... read more

Total Number of Registered New Cars slumped by 74.81% to stand at 628 by March 2021

The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report which explains that “As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages that ... read more

Total Value of Cleared Checks down by 37.81% to $9.99B by March 2021

As per the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 2,496,338 checks by March 2020 to 911,785 checks by ... read more

Byblos Bank Publishes its Un-audited Financial Results for Q1 2021

Byblos Bank published on Friday April 30, 2021 its un-audited financial results for Q1 2021. As expected, the results were impacted by the current crisis affecting the Lebanese economy. Net profit in Q1 ... read more

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Economic Digest