BDL: Investment Banks and Financial Institutions' Deposits
Last value
Previous value
Percent year over year change
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6m
3y
YTD
All
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Location
Lebanon |
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Series ID
11304 |
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Reference
LEB11304M052026 |
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Currency code
LBP |
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Source
Economena Analytics, Banque du Liban |
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Frequency
Monthly |
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Unit
Trillion |
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Aggregation
End of Period |
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Note
Starting 15/03/2019 and according to the offsetting criteria in IAS 32 Financial Instruments: Presentation (IAS 32 amendments) and the disclosure on offsetting financial assets and financial liabilities in IFRS 7 Financial Instruments: Disclosure (IFRS 7 amendments) the Central Bank of Lebanon has offset loans with their corresponding deposits originated simultaneously with banks in Lebanese Pounds carrying same maturities. Effective February 1, 2023, Banque du Liban (BDL) announced a change of Lebanon's official exchange rate from 1,507.5 LBP / USD to 15,000 LBP / USD. Based on the BdL Central Council Decision No. 48/4/24, dated 02/15/2024, the official exchange rate of 89,500 LBP per dollar has been adopted in the BdL Balance sheet starting January 31st 2024. Based on the Central Council's decision number 1/12/24 dated 5/28/2024, BDL canceled financial engineering operations carried out with banks starting from 2017. As a result, loans underleverage off-setted against financial sector deposits were fully liquidated. |
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Start date
Jan 2011 |
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End date
May 2026 |
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Useful links
www.bdl.gov.lb |
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Suggested citation. Use of data is subject to Terms & Conditions
Banque du Liban, BDL: Investment Banks and Financial Institutions' Deposits , retrieved from BRITE; https://brite.blominvestbank.com/series/BDL-Investment-Banks-and-Financial-Institutions-Deposits-11304/ |
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