The Lebanese financial sector’s net foreign assets contracted by $887.7 million in May 2020 in comparison with contractions of $240.6 million in April and $556.8 million in March.
The weighted average interest rate on Lebanese Pound denominated deposits dropped to 4.63% during the month of May, from 5.06% in the previous month and 8.72% a year earlier.
The combined balance sheet of commercial banks operating in Lebanon contracted by 5.97% during the first five months of 2020 to $203.84 billion, down from $216.78 billion in December 2019
