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CHAMPION OF THE DAY
Banks maintain 51.8 percent share of domestic debt
The Association of Banks in Lebanon (ABL) said gross public debt rose to $56 billion at end-September 2012. Banks’ share of local currency debt remained stable at 51.8 percent, compared to 32.1 percent for the Central Bank (BDL), and 16.1 percent for the non-banking sector.
In terms of external (foreign currency) debt, Eurobonds held a share of 88.5 percent, followed by debt from multilateral agreements (5.8 percent), bilateral facilities (4.6 percent), and funds from Paris II (0.8 percent).
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Dec 11, 2012
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