Source: Kataeb.org
Security & Justice
37 Killed in Two Days of Lebanon Exploding Devices
Lebanon’s Health Minister Firass Abiad said 37 people were killed and more than 3,500 wounded in a new toll after hand-held devices used by Hezbollah members exploded across Lebanon, in attacks blamed on Israel.
Thursday, September 19, 2024
Investigation Links Bulgarian Firm to Hezbollah Pager Explosions
Preliminary findings have identified the Bulgarian company Norta Global Ltd. in connection with the sale of pagers used by Hezbollah, which later exploded in Lebanon, LBCI channel reported.
Thursday, September 19, 2024
Opinion
Lebanon Should Not Be a Puppet Controlled by Hezbollah
Caretaker Prime Minister Najib Mikati this week expressed, during a meeting with ambassadors and acting representatives of the UN Security Council’s member states, Lebanon’s readiness to engage in indirect negotiations with Israel to achieve a ceasefire and end the ongoing war in the south of the country between Hezbollah and the Israeli army, amid escalating exchanges of fire and Israeli threats to expand the conflict.
Thursday, September 12, 2024
Why Riad Salameh's Arrest Is a Test for Lebanon's Judiciary
The arrest of former Central Bank of Lebanon chief Riad Salameh last week has triggered a slew of speculation both within and beyond Lebanon's borders.
Monday, September 9, 2024
Sports
Man City's Hearing for 115 Charges Begins
The hearing into Manchester City's 115 charges for alleged breaches of the Premier League's financial rules begins on Monday.
Monday, September 16, 2024
Piastri Wins as Norris Gains on Verstappen in Azerbaijan
Lando Norris drove an extraordinary race to catch and pass title rival Max Verstappen as his McLaren team-mate Oscar Piastri won an engrossing Azerbaijan Grand Prix.
Sunday, September 15, 2024
Friday 9 June 2023 10:37:11
Assets of Banks Amounted to 1,734.63 Trillion LBP as of End of April
Statistics from the Central Bank of Lebanon showed a significant increase in the aggregate balance of commercial banks operating in Lebanon in the first four months of 2023, reaching 1,734.63 trillion LBP compared to 254.85 trillion at the end of 2022. This increase is attributed to the adoption of an official exchange rate of 15,000 LBP per USD since February.
On an annual basis, resident banking sector assets increased six-fold to 1,475.16 trillion LBP compared to 259.47 trillion in April 2022. Customer deposits rose by 654.19% to 1,482.54 trillion LBP until April 2023.
The increase in deposits is due to resident private sector deposits rising by 640.82% to 1,142.71 trillion LBP, and non-resident private sector deposits rising by 815.81% to 323.01 trillion LBP. Public sector deposits increased by 138.48% to 16.82 trillion LBP.
Deposits denominated in LBP grew by 40.43% to 73.62 trillion LBP in the first four months of the current year, while deposits in foreign currencies decreased by 1.74% to reach $94.19 billion.
By the end of April 2023, the dollarization rate of private sector deposits reached 96.40%, compared to 76.25% at the end of 2022 due to the change in the official exchange rate. The deposit portfolio recorded a yearly growth rate of 645.47% to 1,283.67 trillion LBP from 198.87 trillion in April 2022.
Additionally, "Annahar" newspaper reported an increase in bank loans to the private sector by 117.05 trillion LBP (387.22%) in the first four months of the current year, reaching 147.28 trillion LBP, compared to 30.23 trillion LBP in December 2022.
