BEIRUT

Local

Central Bank sees 1.57 pct uptick in assets

BEIRUT: According to the Central Bank’s balance sheet, total assets posted a 1.57 percent monthly uptick to reach $83.19 billion by mid-July, mainly due to the increase in its holdings of foreign assets. 

The latter (excluding gold), grasping a share of 45 percent of total assets, inched up by 0.84 percent since mid-May, to reach $37.15 billion. 

Likewise, gold reserves grew by 2.80 percent to settle at $12.08 billion. The price of gold surged by 1.79 percent to $1294.10 per ounce. 

The Central Bank’s securities portfolio and loans to the local financial sector increased by 0.80 percent and 3.70 percent respectively over the previous month to reach $12.73 billion and $3.42 billion. 

On the liabilities side, financial sector deposits expanded by 0.31 percent from mid-June’s level to settle at $61.97 billion in mid-July.

 
A version of this article appeared in the print edition of The Daily Star on July 17, 2014, on page 5.
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