The consolidated balance sheet of investment banks operating in Lebanon since the beginning of the year increased to $4.35 billion by the end of September, statistics show.
According to Banque Du Liban’s recent statistics, this represents an increase of 5.74 per cent compared to $4.11bn at the end of 2014, reports UAE-based Aliqtisadi.
This increase is attributed to the growth in financial sector liabilities by 11.65 per cent to reach roughly $711 million, an increase in the public sector liabilities by 10.21 per cent to reach $205m and an increase in the private sector’s deposits by 2.33 per cent to reach $2.05bn.
During the last period, corporate banks succeeded in strengthening their loans portfolio the private sector, registering a surplus of $872m by the end of September, which represents the difference between the loans portfolio to the private sector and the investments portfolio in the public sector.
This is compared with the surpluses of $832m, $709m, $419m and $352m by the end of 2014, 2013, 2012 and 2011 respectively.
($1= AED3.67, at the time of publishing)