According to Banque Du Liban (BDL) statistics, the consolidated balance sheet of financial institutions operating in Lebanon narrowed by 10.09% ($139.50 million) during the first five months of 2020 to $1,243.10 million, down from $1,382.59 million at year-end 2019. This can be mainly attributed to the 14.57% ($97.85 million) contraction in claims on customers to $573.55 million, coupled with some 54.25% ($27.80 million) decrease in claims on the non-resident financial sector to $23.44 million and a 1.78% ($5.45 million) drop in claims on the resident financial sector to $301.24 million, among others. It is worth noting that claims on customers and on the resident financial sector are the two largest asset categories on financial institutions’ balance sheet, accounting for 46.14% and 24.23% of total assets on a respective basis. On the liabilities side, liabilities to the resident financial sector plunged by 22.14% ($49.49 million) YTD May 2020 to $174.03 million, with customer deposits dropping by 13.32% ($25.06 million) to $163.06 million, liabilities to the non-resident financial sector decreasing by 17.53% ($21.86 million) to $102.84 million and the capital accounts falling by 4.20% ($20.45 million) to $465.94 million, altogether outweighing the 21.01% ($0.83 million) rise in public sector deposits to $4.77 million.