Banks'Assets Rise in June 2000
The main features of banks’ consolidated balance sheet for June 2000 are:
Commercial banks' consolidated balance sheet for May 2000 rose 0.21%from a month before to $41.87bn,continuing to reflect the rather stagnant economic environment currently prevailing. Compared to a year before, the balance sheet showed a 12.27% increase in assets from $37.3bn in May 1999.Total deposits rose 11.93%over the same period in 1999,mainly boosted by a $2.1bn surge in LP deposits. The higher dollarisation rate of 62.75%, down 2.26 percentage points year-to-year, resulted from a higher growth rate in LP deposits of 19.2%compared to one of 8.03%in FC. Loans in LP went up by 22.6%compared to a year before, against an 8.08% increase in FC loans. The ratio of loans to deposits as at end-May 2000 dropped slightly by 12 b.p. to 40.85%.The ratio of FC loans to FC deposits was up 3 b.p. from May 1999,to 57.01%,while that of LP loans to LP deposits increased 38 b.p. over the same period to 13.62%.
© 2000 Mena Report (www.menareport.com)