Economic Digest

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

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Bank Audi Publishes its Non-audited Financial Results for Q3 2022

Bank Audi published today its non-audited financial results for Q3 2022. In its statement, Bank Audi said that “(1) Persisting excessive uncertainties arising from a lasting financial crisis since 2019, ... read more

BDL’s Other Assets dropped alongside currency in circulation in the first two weeks of November

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 14.23% compared to last year, to reach $186.72B by mid-November 2022. The increase was mainly due to the ... read more

Beirut’s Hotel Occupancy Rate reached 51.7% by August 2022

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 51.7% percentage points (pp) by August 2022, up from last year’s percentage of ... read more

More Lebanese Leaving Lebanon, not surprisingly!

Three years into the trifecta of economic, social and political crises, the situation in Lebanon has become more and more difficult. Consequently, the aforementioned crises have triggered one of the ... read more

Aline Azzi
Economic Digest
November 9, 2022

Lebanese Commercial Banks’ Total Assets Down Year on Year by 7.05% to $167.01B by September 2022

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 7.0% to stand at $167.01B by September 2022. On the assets side, currency and deposits with Central ... read more

BDL’s Foreign Assets increased in the last two weeks of October

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 16.4% compared to last year, to reach $188.29B by end of October 2022. The increase was mainly due to the ... read more

Aline Azzi
Economic Digest
November 7, 2022

Balance of Payments Deficits at $3.05B by September 2022

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $3.05B by September 2022, compared to a deficit of $1.58B over the same period last year. Accordingly, Net foreign Assets ... read more

Aline Azzi
Economic Digest
November 3, 2022

Port of Beirut: Container Activity up 10.91% by the month of September 2022

The latest statistics on activity at the Port of Beirut show an annual decrease of 17.69% in the revenues of the Port of Beirut (PoB) to $6.40M by October 2021, compared to last year’s $7.54M. We note that ... read more

Aline Azzi
Economic Digest
November 2, 2022

BDL’s Circular 13495: Interest rates on Banks’ deposits and CDs issued by BDL are reduced by 50%

BDL issued Intermediate Circular 13495 on I/11/2022 in which it stated two articles. Article 1 reduces by 50% the interest rate it pays Banks on their long-term USD deposits at BDL; however, BDL will ... read more

Aline Azzi
Economic Digest
October 31, 2022

Public Personnel Costs Slightly increased by 0.1% y-o-y to $6.56B in 2021

According to Lebanon’s Ministry of Finance (MoF), personnel costs slightly increased annually by 0.1% to reach $6.56B at the official rate of 1507.5 LBP per USD, by December 2021, compared to $6.55B by the ... read more

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