The combined balance sheet of commercial banks operating in Lebanon contracted by 1.08% during the first five months of 2022 to $172.93 billion, with customer deposits falling by 1.57% to $132.26 billion and loans to the private sector receding by 11.29% to $24.59 billion.

The Lebanese Central Bank’s balance sheet conveys some $680.13 million contraction in BDL’s foreign currency reserves during the month of June 2022 to $10.31 billion.