Lebanon’s M3 growth eases to 6.4% y/y in October 2013
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.
Related Articles
EBRD prepares to welcome Lebanon into fold
The EBRD is set to welcome its 66th member country and the fifth from the southern and eastern Mediterranean (SEMED) region once the Lebanese government finalises the last steps of the joining ... more
Russia and Saudi Arabia to launch joint projects worth $3bn in 2017
Russia and Saudi Arabia will launch joint projects worth $3bn by the end of 2017, the speaker of Russia’s Federation Council Valentina Matviyenko said at talks with members of the Russian-Saudi ... more
Egypt’s President El Sisi to announce state of emergency after church bombings
Egypt’s President Abdel-Fattah El Sisi announced in a televised speech his intention to impose a nationwide state of emergency for three months following two deadly bomb attacks on Christian ... more
Selected articles from our premium news/views wire 
IntelliNews Pro
IntelliNews- Skopje court rejects special prosecutor's request to freeze VMRO assets
- Albanian left-wing parties unite behind ruling Socialists ahead of election
- Suppliers to troubled Croatian retailer Agrokor withdraw ultimatum to halt deliveries
- Turkey's Erdogan renews attack on high interest rates as tool of exploitation
- More arrest warrants issued in Turkey as Erdogan continues to rule by decree
- More from IntelliNews Pro >>
Most Read This Week
- IBA's default expected to damage Azerbaijan's international reputation
- STOLYPIN: The US-Russian “axis of emptiness”
- Vodka oligarch steps up Stolichnaya brand fight with Kremlin
- COMMENT: Putin's main weakness is voters' passivity
- CONFERENCE CALL: Europe slowly wakes up to Russian disinformation threat
Follow Us On
Tweets by @bizneweuropeRegister here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
To continue viewing our content you need to complete the registration process.
Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
If you have any questions please contact us at sales@intellinews.com
Subscribe to bne IntelliNews website and magazine
Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.Your subscription includes:
- Full access to the bne content daily news and features on the website
- Newsletters direct to your mailbox
- Print and digital subscription to the monthly bne magazine
- Digital subscription to the weekly bne newspaper
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
bne IntelliNews
$119 per year
All prices are in US dollars net of applicable taxes.
If you have any questions please contact us at sales@intellinews.com
Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.
"No day starts for my team without IntelliNews Pro" — UBS
Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.