According to Banque Du Liban (BDL) statistics, the consolidated balance sheet of financial institutions operating in Lebanon narrowed by 12.36% ($170.92 million) during the first seven months of 2020 to $1,211.67 million, down from $1,382.59 million at year-end 2019. This can be mainly attributed to the 19.26% ($129.34 million) contraction in claims on customers to $542.06 million, coupled with some 57.43% ($29.43 million) decrease in claims on the non-resident financial sector to $21.82 million and a 0.58% ($1.77 million) drop in claims on the resident financial sector to $304.91 million, only to name a few. 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 44.74% and 25.16% of total assets on a respective basis. On the liabilities side, liabilities to the resident financial sector plunged by 21.65% ($48.39 million) YTD July 2020 to $175.13 million, with customer deposits dropping by 17.00% ($31.99 million) to $156.13 million, liabilities to the non-resident financial sector decreasing by 28.60% ($35.66 million) to $89.04 million and capital accounts falling by 4.14% ($20.14 million) to $466.25 million, altogether outweighing the 12.84% ($0.76 million) rise in public sector deposits to $4.44 million.