Economic Digest

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

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BDL Foreign Assets Down by 8.18% YTD to $34.22B in mid-May 2020

According to the central bank’s (BDL) balance sheet, total assets rose by 5.48% since year-start, to stand at $149.10B in mid-May 2020. In fact, this can be mainly attributed to the rise in “Gold” account ... read more

Sale of Bank Audi – Egypt to First Abu Dhabi Bank Halted amid Uncertain Future Outlook

Audi Bank released an official announcement on May 18th 2020 in which it clarified its mutual agreement with First Abu Dhabi Bank (FAB) to stop the transaction concerned with the sale of its fully-owned ... read more

Number of Real Estate Transactions UP by 16.58%YOY to 14,068 in Q1 2020

According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of real estate (R.E) transactions which may include one or more realties, rose by a yearly 16.58% to stand ... read more

Lebanon’s Erupted Protests and the Ensuing Economic Crisis Materialized in a Fiscal Deficit of $670.4M in January 2020

The cash-basis fiscal deficit of Lebanon climbed to a 10-year high of $670.4M in Jan. 2020, after registering a $72.83M deficit in the same period last year. In fact, the national developments since ... read more

Lebanon’s Trade Deficit Down by 36% YOY at $1.43 by February 2020

During the first 2 months of 2020, Lebanon’s trade deficit totaled $1.43B, narrowing from the $2.23B registered in the same period last year. In fact, total imported goods retreated by 24% year-on-year ... read more

Hospitality KPIs across the Middle East were Hit Hard in Q1 2020 amid Coronavirus Lockdowns

In a regional analysis of the hospitality sector performance presented by Ernst & Young’s Middle East (ME) Hotel Benchmark Survey, key performance indicators (KPIs) of Arab capitals hit unprecedented ... read more

Lebanon’s Balance of Payments Deficit at $1.06B in Q1 2020

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1.09B in the first quarter of 2020, compared to a deficit of $2.15B in Q1 last year. Accordingly, Net foreign Assets ... read more

Total Value of Cleared Checks Up by 8.5% to $16.08B in Q1 2020

The total number of cleared checks in the Lebanese financial system slumped from 2.65M checks in Q1 2019 to 1.85M checks in Q1 this year, as per the data published by the Association of Lebanese Banks’ ... read more

BDL Foreign Assets Down by 7.64% YTD to $34.42B in April 2020

According to the central bank’s (BDL) balance sheet, total assets recorded an increase by 5.31% since year-start, to stand at $148.86B in April 2020. In fact, this can be mainly attributed to the rise in ... read more

Lebanese Commercial Banks’ Total Assets Down Year to Date by 3.80% to $208.55B in March. 2020

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 3.80%, year-to-date (y-t-d), to stand at $208.55B in March 2020. In details, Resident customers’ deposits ... read more

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Economic Digest