Mobile  |  About us  |  Photos  |  Videos  |  Subscriptions  |  RSS Feeds  |  Today's Paper  |  Classifieds  |  Contact Us
The Daily Star
FRIDAY, 25 APR 2014
08:02 AM Beirut time
22 °C
Blom Index
Follow this story Print RSS Feed ePaper share this
Lebanese investment portfolios fall by a quarter
A+ A-

BEIRUT: Figures issued by the Central Bank show the net investment portfolio of Lebanese banks and financial institutions in foreign debt and equity securities fell to $5.6 billion at end-June 2012 from $7.1 billion a year earlier, a decrease of 22.1 percent.

Investments in long-term debt securities totaled $3.2 billion at end-June 2012, accounting for 57.1 percent of the total, followed by investments in equities with $2.3 billion, 41.6 percent of the total, while short-term debt securities accounted for $69.1 million, 1.2 percent of the total.

According to the Central Bank, the figures cover the net assets of resident financial institutions in tradable debt and equity instruments of non-resident issuers.

The distribution of investments by institutions indicates that commercial banks’ net portfolio in foreign long-term debt securities totaled $2.1 billion, accounting for 66.1 percent of total investments in such securities at end-June 2012.

The figure includes banks’ investment for their own account, on behalf of their clients and on a custodial basis.

A version of this article appeared in the print edition of The Daily Star on March 02, 2013, on page 4.
Home Lebanon
briefs / Lebanon / Economics

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus

Baabda 2014
Follow us on Facebook Follow us on Twitter Follow us on Linked In Follow us on Google+ Subscribe to our Live Feed
Pictures of the day
A selection of images from around the world- Thursday April 24, 2014
View all view all
Rami G. Khouri
Rami G. Khouri
Israel shows Zionism’s true colors
Michael Young
Michael Young
For Christians, blessed are the dividers
David Ignatius
David Ignatius
An Iran deal is close, but we’re not there yet
View all view all
Click to View Articles
Privacy Policy | Anti-Spamming Policy | Disclaimer | Copyright Notice
© 2014 The Daily Star - All Rights Reserved - Designed and Developed By IDS