Lebanese banking balance sheets increasing

Published February 26th, 2013 - 07:30 GMT
Balance sheets for Lebanese financial institutions are starting to look health, increasing by 14 per cent
Balance sheets for Lebanese financial institutions are starting to look health, increasing by 14 per cent

According to the latest statistics issued by the [Lebanese] Central Bank, the balance sheet of financial institutions amounted to $1.248,5 billion at end-December 2012, up by 14 percent from a total of $1.094,7 billion at end-December 2011.

Liabilities to the private sector totaled $217.5 million at end-December 2012, down from a total of $226.8 million posted at end-December 2011.

Liabilities to the financial sector reached $581.1 million at end-December 2012, up by 22.1 percent from $475.7 million recorded at end-December 2011.

On the assets side, cash and banks balances went up by 11 percent year-on-year, moving from $427.0 million at end-December 2011 to $473.9 million at end-December 2012. 

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