The consolidated balance sheet of commercial banks shows that total assets reached $204 billion at the end of 2016, up ten percent compared to the year before. This is almost four times GDP.
Amine Awad, Advisor to the Chairman of BLOM Bank, said: "Banks were able to attract deposits from abroad that are short to medium term. This has led to an increase in assets."
The value of resident and non-resident deposits grew seven percent to $162 billion. Awad said that the growth of depos...
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