BDL: Loans to Commercial Banks
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| Location Lebanon |
| Series ID 43778 |
| Reference LEB43778M082024 |
| Currency code LBP |
| Source Economena Analytics, Banque du Liban |
| Frequency Monthly |
| Unit Trillion |
| Aggregation End of Period |
| 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. As per the IMF recommendation to align with the International Norms, and according to the BdL Central Council's Decision Number 37/20/24 dated 9/13/2024, and starting January 2024, the Foreign Currencies Assets were recompiled according to the Residency concept. |
| Start date Jan 2011 |
| End date Aug 2024 |
| Useful links www.bdl.gov.lb |
| Tags |
Suggested citation. Use of data is subject to Terms & Conditions Banque du Liban, BDL: Loans to Commercial Banks, retrieved from BRITE; https://brite.blominvestbank.com/series/BDL-Loans-to-Commercial-Banks-43778/ |
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