Statistics 459

Consolidated balance sheet of commercial banks in Lebanon shows that total assets reached $139.5bn at the end of October 2011, constituting an increase of 8.2% from end-2010 and a rise of 10.2% from end-October 2010.

Private sector deposits totalled $114.2bn, increasing by 6.5% from end-2010 and rising by 9.6% from year earlier. Deposits in Lebanese pounds reached $38.5bn, down 2.3% from end-2010 and 1% year-on-year, while deposits in foreign currencies totaled $75.7bn and rose by 11.7% from the end of last year and by 15.9% from end-October 2010.

Non-resident foreign currency deposits totaled $18bn at end-October 2011, up by 15.7% from end-2010 and by 24.3% year-on-year. Total private sector deposits decreased by $1.1bn in January, and rose by $673m in February, $1.34bn in March, $1.79bn in April, $539m in May, $1bn in June, $656m in July, $813m in August, $440m in September and $798m in October 2011. In parallel, deposits of non-resident banks reached $6.5bn, an increase of 44% from end-2010 and of 27.1% year-on-year.

The dollarization rate of deposits reached 66.3% at the end of October relative to 63.2% at end-2010 and 62.7% at end-October 2010. Further, the average deposit rate in Lebanese pounds reached 5.6% in October, down from 5.72% a year earlier, while the same rate in US dollars was 2.82% compared to 2.81% in October 2010.

Loans to the private sector totaled $39.2bn at end-October, constituting an increase of 12.3% from end-2010 and up 14% year-on-year.

Lending to the non-resident private sector reached $5.7bn and rose by 23.9% from end-2010. The dollarization rate in private sector lending reached 78.9%, marginally down from 80.3% at end-2010 and compared to 81.1% a year earlier.

The average lending rate in Lebanese pounds was 7.27% in October 2011 compared to 8.15% a year earlier, while the same average in US dollars was 6.74% compared to 7.08% in October 2010. In addition, claims on non-resident banks reached $14.5bn at end-October, posting a decrease of 8.6% from end-2010.

Claims on the public sector stood at $29.9bn, up 4.5% year-on-year and 1.9% from end-2010, and accounted for 43.2% of the banking sector's total claims. The ratio of private sector loans to deposits in foreign currencies stood at 40.9%, well below the Central Bank's limit of 70%, and below the ratio of 42.7% a year earlier.

In parallel, the same ratio in Lebanese pounds was 21.5%, up from 16.7% a year earlier. The ratio of total private sector loans to deposits was 34.4% compared to 33% a year earlier. The banks' aggregate capital base stood at $10.5bn, up by 13.3% from end-2010 and 15.2% from $9.1bn in October 2010.Lebanon This Week, Byblos Bank’s economic publication.


Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.


  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.




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