Source: BLOM Bank
Friday 20 June 2025 09:43:04
According to the balance sheet of Banque du Liban (BDL), the Central Bank’s total assets increased by 0.14% annually, to reach $93.96B by mid-June 2025.
Furthermore, the gold account, representing 33.61% of BDL’s total assets, increased by 47.74% yearly to reach $31.58B by mid-June 2025. Regarding foreign assets item, recently BDL amended it and replaced it by foreign reserve assets item to include only non-resident and liquid foreign assets. Thus, other resident and / or illiquid assets were transferred to securities portfolio or loans to local financial sector. In more details, Lebanese Government Eurobonds with a nominal value of $4.85B were transferred to securities portfolio; whereas $298.8M was transferred to loans to financial sector. Therefore, and in order to calculate the YOY change of foreign reserve assets, we deducted the Lebanese Eurobonds from foreign assets as of June 15th, 2024 in addition to the loans to local financial sector. As such, BDL foreign reserve assets, consisting of 12.03% of total assets (after transferring the Eurobonds to securities portfolio and the other resident and / or illiquid assets to loans to financial sector) rose by 13.06% YOY and stood at $11.3B by mid-June 2025. Additionally, foreign reserve assets increased significantly by $189.4M in the first two weeks of June 2025.
On the liabilities front, financial sector deposits, representing 90.16% of BDL’s total liabilities, decreased by 2.71% annually and reached $84.71B by mid-June 2025 compared to last year, of which more than 90% are denominated in dollars. Moreover, public sector deposits, representing 7.67% of BDL’s total liabilities, rose by 51.11% yearly and reached $7.21B by mid-June 2025. Lastly, currency in circulation outside of BDL, consisting of 0.93% of BDL’s total liabilities, rose by 32.89% annually to reach $875.82M by end-June 2025.