Lebanese banking balance sheets increasing
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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