Key Indicators ASSOCIATION OF BANKS IN LEBANON Issue: August / September 08 LBP= Lebanese Pound; USD= US Dollar; FC= Foreign Currency; ( ) indicates a negative number; CD= Certificate of Deposit; BDL= Banque du Liban. Sources: Ministry of Finance, Banque Du Liban (BDL), Association des Banques du Liban (ABL), Lebanese Customs Administration, CAS. Indicators of Economic Activity (million USD unless otherwise mentioned) 07 Jul-08 Aug-08 Sep-08 - Building permits (000 m ),70 667 674 64 7,00 - Cement Deliveries (000 tons) 5,49 47 48 n.a. - Imports of Goods 9,58,8,80 n.a. 4- Exports of Goods,844 8 9 n.a. 5- Balance of Trade in Goods = (4) - () (6,78) (,00) (,59) n.a. 6- Changes of Net Foreign Assets in the Financial Sector (56) (549) (408) (46) (,) 7- Total Checks Cleared (billion LBP) 0,894 8,790 8,99 8,5 74,854 8- BDL Coincident Indicator (Average 9=00) -Index 8. 06.7 96.6 n.a. 9- CAS Consumer Price Index (Dec 0=00)- Index 0.89 06.96 07.0 07.68 0- BDL FC Gross Reserves (end of period) 5,806 4,,99 4,50 - LBP / USD (period average) 507.50 507.50 507.50 507.50 The Financial sector includes BDL, Commercial Banks, Medium & Long Term Banks, and Financial institutions. The figures in the 07 column are related to the month of December. Research and Statistics Department Saifi Area, Gouraud Street, Beirut Central District P.O. Box 976, Beirut, Lebanon. Tel: 00-96--970500; Fax: 00-96--97050 ;e-mail:abl@abl.org.lb; web site http://www.abl.org.lb
Consolidated Balance Sheet of Commercial Banks - Main Items (end of period - billion LBP) Assets Dec-07 Jul-08 Aug-08 Sep-08 - Deposits of Commercial Banks at BDL 55,89 80,946 8, 86,84 - Claims on Resident Private Sector 80,84 79,46 79,55 79,88 - in LBP 6,400 6,7 6,740 6,4 - in FC 54,44 5,79 5,795 5,064 - Claims on Public Sector 48,6 50,78 50,869 50,068 - in LBP 6,790 5,86 5,94 4,98 - in FC,7 4,7 4,95 5,085 4- Foreign Assets 5,579 4,0 5,048 5,8 - o/w Claims on Non Resident Financial Sector 7,05 4,78 5,508 5,578 Currency and Deposits with other Central Banks,575,658,679,650 Liabilities 5- Resident Private Sector Deposits 0,6 05,64 05,848 06,88 - in LBP 7,00 75,009 74,44 7,770 - in FC 8,64 0,605,406,68 6- Public Sector Deposits 6,484 6,4 6,488 6,49 7- Deposits of Non Resident Private Sector 5,998 55,0 55,86 55,80 - in LBP 6,440 7,4 7,06 7,59 - in FC 46,558 48,089 48,49 48,66 8- Deposits of Non Resident Banks,78,647,896,75 9- Capital Accounts 8,8 0,7 0,46 0,8 0- Unclassified Liabilities 0,6 45,865 48,45 5,54 - Total (Assets = Liabilities),4 56,44 59,47 6,48
Interest Rates on LBP Accounts Dec-07 Jul-08 Aug-08 Sep-08 - Simple Average Interest Rate on Deposits of Banks at BDL (%).9 4. 4. 4. - Weighted Yield on TB's (%) 6.9 6.88 6.88 6.88 - Weighted Average Lending Rate (%) 8.0 8.7 8.76 8.9 4- Weighted Average Rate on CDs issued by BDL(%) 8. 8.70 8.70 8.7 5- Weighted Return on Uses of Funds (%) 7.00 7.57 7.70 7.9 6- Weighted Average Rate on Deposits (%) 5.95 6.79 6.90 7. 7- Spread (%) 4 = (5) - (6).05 0.78 0.80 0.79 Average of the last three months on new loans. Starting January 06, lending rates are calculated according to intermediary circular No 89. Calculated. Average of the last three months on new deposits. 4 Does not take into account the cost of Capital, nor the cost of other debt sources of funds such as Interbank borrowing or facilities from the Central Bank. Resident Private Sector Deposits in LBP at Commercial Banks (billion LBP)
Interest Rates on USD Accounts Dec-07 Jul-08 Aug-08 Sep-08 - Average Rate on USD Deposits at BDL (%) 5.45 5.85 5.86 5.90 - Average LIBOR -month on $ Deposits (%).60.4..5 - Weighted Average Interest Rate on Euro-bonds(%) 6.65 6.8 6.8 6.8 4- Weighted Average Lending Rate (%) 7.46 7.9 8.00 8.06 5- Weighted Return on Uses of Funds (%) 5.7 6.6 6.7 6. 6- Weighted Average Rate on Deposits (%) 4.80 4. 4.4 4. 7- Spread (%) 5 = (5) - (6).9.04.0.98 Does not take into account the contribution of Paris II by parties other than the domestic commercial banks. Average of the last three months on new loans. Starting January 06, lending rates are calculated according to intermediary circular No 89. Calculated. 4 Average of the last three months on new deposits. 5 Does not take into account the cost of capital. Resident Private Sector Deposits in FC at Commercial Banks (million USD) 4
Outstanding CDs (end of period) Dec-07 Jul-08 Aug-08 Sep-08 CDs issued by BDL in LBP (billion LBP) 5,865 47,96 47,906 47,80 CDs issued by BDL in USD (billion USD)..0.0. CDs Issued by Banks (million USD) 0 00 00 00 Outstanding Eurobonds (end of period - million USD) Monetary Data* (end of period - billion LBP) Dec-07 Jul-08 Aug-08 Sep-08 - M 0,64,455,4,96 - M 79,66 80,768 80,6 79,45 - M 08,965,5,6,088 4- M + TB's held by Individuals & Institutional Investors 89,907 9,994 9,85 90,48 5- M - M 9,799,567,95,65 6- (M - M)/M (%) 6. 6.96 6.7 6.7 *Starting January 07, the compilation of the monetary aggregates and their counterparts is based on the consolidated balance sheets of depository corporations. 5
Public Finance (billion LBP) 07 Jul-08 Aug-08 Sep-08 - Total Receipts 7,54 n.a. n.a. n.a. - Total Payments,86 n.a. n.a. n.a. - o/w debt service 7,84 n.a. n.a. n.a. - Overall Deficit / Surplus = () - () (5,66) n.a. n.a. n.a. 4- Overall Deficit in % of total Payments -4.4% n.a. n.a. n.a. 5- Primary Balance (cumulative since the beginning of the year),5 n.a. n.a. n.a. 6- Gross Public Debt 9,898 4,975 6,66 6,87 6.- Debt in LBP 74,077 7,8 7,857 7,007 6.- Debt in Foreign Currency 45,8 5,4 5,09 5,80 7- Public Sector Deposits, 5,659 5,7 6, 5,97 8- Net Public Debt = (6) - (7) 04,9 09,54 09,85 0,990 Include treasury and budget transactions. Figures as at end of period. Deposits at BDL, Commercial Banks and MLT Banks. 6
Outstanding Lebanese Treasury Bills in LBP (end of period - billion LBP) Dec-07 Jul-08 Aug-08 Sep-08 Portfolio: Amount and share -month 0 0.8 0.46 9 0.7 0 0.8 Interest Rate % (last issue) 4.9 4.9 4.9 4.9 6-month 96.7,04.44 850.9 696 0.97 Interest Rate % (last issue) 4.87 4.87 4.87 4.87 -month,07.85,508.55,8.,07. Interest Rate % (last issue) 5.08 5.08 5.08 5.08 4-month 7,77 0. 8,9.60 7,48 0.5 7,5 0. Interest Rate % (last issue) 5.76 5.76 5.76 5.76 6-month,67 5.47 0,655 5.09 0,65 4.86 0,8 4.47 Interest Rate % (last issue) 6.40 6.40 6.40 6.40 60-month 6,65.87 5,87.65 7,67 4. 7,89 4. Interest Rate % (last issue) 6.6 6.6 6.6 6.6 84-month,495 8.5 0,46 4.5 0,96 4.7 0,90 5.9 Interest Rate % (last issue) 6.96 6.96 6.96 6.96 96-month,8.5,8.59,8.56,8.55 Interest Rate % (last issue) no issue no issue no issue no issue 0-month 5,768.66 7,57 4.44 7,8 4.6 7,4 4.9 Interest Rate % (last issue) 7. 7. 7. 7. 44-month,076 4.,076 4.6,076 4.9,076 4.9 Interest Rate % (last issue) no issue no issue no issue no issue 80-month 5 0.0 5 0.0 5 0.0 5 0.0 Interest Rate % (last issue) no issue no issue no issue no issue Total 7,8 00 70,605 00 7,66 00 7,76 00 Banking System 6,76 86.5 59,998 84.98 6,88 85.8 6,556 85.78 Public Sector 8,86. 9,408. 9,7.94 9,079.65 Individuals and individual institutions,60.7,99.70,0.68,7.57 7