Lebanon Businessnews News
 

Central Bank Foreign Assets at $30.6 billion
Share     Share on Facebook     Share on LinkedIn    
WatsApp

The total assets of the Central Bank rose by 18 percent, reaching $62.6 billion, by the end of 2010. Its foreign assets, excluding gold, increased by eight percent, to $30.6 billion, compared to 2009. Securities portfolio was up by 25 percent, to $9.61 billion.

The value of gold reserves increased almost 30 percent, reaching $13 billion at the end of December 2010.

On the liabilities side, the deposits by commercial banks, which constitute 68.27 percent of liabilities, rose 13.5 percent to $42.74 billion, compared to 2009. These liabilities represent outstanding certificates of deposit issued by the central bank in local currency that amounted to $18.77 billion by the end of October 2010, and BdL’s certificates of deposit in foreign currencies that reached $5.4 billion.

 



 

 

Date Posted: Jan 12, 2011
Share     Share on Facebook     Share on LinkedIn    
WatsApp