Source: Kataeb.org
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
My Hope for Lebanon
A company of Lebanese soldiers assigned to maintain order in this anxious wartime capital is gathered at its headquarters 100 yards from the Mediterranean. I make the blunder of asking their commander how many of his men are Shiites, Sunnis, Christians and Druze.
Monday, November 4, 2024
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
Sports
FC Barcelona Fears First Team Star Will Be Banned From Playing, Reports SPORT
FC Barcelona is concerned that one of its main first-team stars will be banned from playing at the turn of 2025 because of issues related to his registration and Financial Fair Play (FFP) limits according to SPORT, which cited anonymous sources.
Friday, November 1, 2024
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 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.