Byblos Bank reports Lebanese commercial banksâ€™ assets at $204 billion at end-January 2017
In Lebanon This Week, published by Byblos’ Economic Research and Analysis Department, the bank reports that the consolidated balance sheet of commercial banks in Lebanon show total assets of $204.4 billion at end-January 2017, barely changed on a month earlier but up 9.8 per cent on year-ago levels.
Loans to the private sector were down 0.4 per cent month-on-month at $56.95 billion but up 4.7 per cent on January 2016. Loans to the resident private sector were also down 0.4 per cent on December 2016 at $50.84 billion but up 5.5 per cent year-on-year. Credit to the non-resident private sector reached $6.1 billion at end-January, down by 0.5 per cent from end-2016 and by 1.7 per cent from a year earlier.
Private sector deposits totaled $162.7 billion, little changed month-on-month but up 7.4 per cent from January 2016. Deposits in Lebanese pounds (LBP) reached $55.6 billion, while deposits in foreign currencies totaled $107.1 billion, up 3.9 per cent and 9.4 per cent respectively on year-ago levels.
The ratio of private sector loans-to-deposits in foreign currency stood at 38.4 per cent, down from 41.5 per cent, while the same ratio in LBP was 28.4 per cent, up from 25.6 per cent.