Economic Research | Lebanon This Week | Lebanon This Week 525 | Banking sector assets reach $220bn at end-2017, equivalent to 413% of GDP | Lebanon | Byblos Bank

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Lebanon This Week 525

Home Economic Research Lebanon This Week 525 Banking sector assets reach $220bn at end-2017, ...
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Banking sector assets reach $220bn at end-2017, equivalent to 413% of GDP

The consolidated balance sheet of commercial banks operating in Lebanon shows that total assets stood at $219.9bn at end-2017, constituting a rise of 7.6% from the end of 2016. The banking sector's assets were equivalent to 412.5% of GDP in 2017 relative to 408.6% in 2016.

Loans extended to the private sector reached $60.3bn at the end of 2017, reflecting an increase of 5.5% from a year earlier. Lending to the private sector was equivalent to 113.2% of GDP in 2017 relative to 114.4% of GDP in 2016.

In parallel, private sector deposits of the non-financial sector totaled $168.7bn at the end of 2017, constituting an increase of 3.8% from end-2016. Private sector deposits were equivalent to 316.4% of GDP last year relative to 325% of GDP in 2016. Deposits in Lebanese pounds reached $52.8bn at end-2017, down by 5% year-on-year; while deposits in foreign currencies stood at $115.9bn and grew by 8.4% from the end of 2016. Aggregate non-resident deposits reached $35.2bn at the end of 2017, up by 3.5% from end-2016. 
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Byblos Bank S.A.L., Byblos Bank Headquarters, Elias Sarkis Ave., Ashrafieh, Beirut

List of Banks No.39, CRB:14150, BDL Authorization No. 11/231 Dated 14 May 2005

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