Central Bank’s Assets Rise. Foreign assets hit $28 billion in 2009-end - Lebanon

Central Bank’s Assets Rise
Foreign assets hit $28 billion in 2009-end
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Assets in foreign currencies posted a year-on-year increase of 43.4 percent to $28 billion in 2009.

Full year, gold reserves grew 25 percent to $10 billion at the end of 2009, driven by the steep increase in global prices of gold. 

The financial sector’s year-on year deposits grew 34 percent to $38 billion mainly due to the rise in capital inflows to the banking sector.

Deposits of the public sector rose 28 percent to $6 billion at the end of 2009, compared to full year 2008.  

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Date Posted: Jan 11, 2010