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Deposit outflow for the banking sector The banking sector in Lebanon registered an outflow in deposits of $110 million in July after growing by an average of $700 million each month from January to June. The last three times Lebanon registered an outflow in deposits were in January 2011 after the collapse of the Lebanese government, the summer of 2006 due to the war with Israel and in February 2005 following the assassination of former Prime Minister Rafiq Hariri. Total deposits of the banking sector grew by 3.5 percent in the first seven months of the year to stand at $122 billion, accounting for 84 percent of the sector’s $145 billion in assets. Private sector loans grew by 5.4 percent in the first seven months of the year to stand at $42 billion; those to the public sector grew by just 1.5 percent over the same period to stand at