Lebanon’s M3 growth eases to 6.4% y/y in October 2013

By bne IntelliNews January 13, 2014

Lebanon’s broad money supply (M3) growth slowed to 6.4% y/y in October 2013 from 6.9% a month earlier, totalling LBP 1.643tn (USD 111bn) the central bank said. M3 growth remains underpinned mainly by strong bank lending, mainly to the private sector, and rising bank deposits. M2 grew 5.7% y/y in October, cooling from 6.4% the month before. M1 growth braked to a still high 10.8% y/y from 21.9% in September.

Loans to the private sector (resident and non-resident) grew 7.0% ytd to LBP 70.1tn at end-October. The dollarization rate of those loans stood at 76.7% and the ratio of total loans to total deposits reached 35.2%. Total bank deposits, including resident and non-resident private sector deposits and public sector deposits, increased 8.0% y/y and 5.7% ytd to LBP 203.5tn at end-October accounting for 84.0% of total assets.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Lebanon becomes European Bank for Reconstruction and Development shareholder

Lebanon has become the fifth member country from the Southern and Eastern Mediterranean (SEMED) region to join the European Bank for Reconstruction and Development (EBRD), becoming a shareholder with ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

US lifts laptop ban on Turkish Airlines flights as of July 5

Passengers boarding an early morning July 5 Turkish Airlines (THY) flight to John F Kennedy International Airport in New York were allowed to include laptops and electronic devices larger than a ... more

Most Read

  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    13 hours ago
  2. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    22 hours ago
  3. EU allows Gazprom to use an additional 40% of OPAL gas pipeline's capacity
    1 day ago
  4. Tajik president’s 23-year old daughter appointed deputy head of largest Tajik bank
    6 days ago
  5. Bosnia’s ruling coalition collapses
    3 days ago
  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    13 hours ago
  2. CHINA RISING: When sleeping giants meet
    14 days ago
  3. Belarus’ retail king Euroopt goes on the road
    20 days ago
  4. STOLYPIN: Russia’s cyber-challenge cuts both ways
    22 days ago
  5. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    22 hours ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss