Bank of Beirut’s Net Income Rose by 1.51% y-o-y to $204.42M in 2017

According to the consolidated unaudited balance sheet of Bank of Beirut, Total assets rose by 6.78% year-on-year (y-o-y) to $18.38B by December 2017.

In details, Net Loans and Advances to Customers at amortized cost progressed by an annual 19.55% to reach $5.62B in 2017.

On the liabilities’ side, Customers’ deposits and credit balances at amortized cost grew by 6.18% y-o-y to stand at $13.02B and Total shareholders’ equity advanced by a yearly 1.85% to $2.35B.

As for the bank’s income statement, it revealed a 1.51% annual growth in Net income which ended 2017 at $204.42M.

In fact, Net interest income and Net commission income both rose by the annual rates of 15.18% and 12.06% to $292M and $91.04M by December 2017, respectively.

Financial Highlights of Bank of Beirut in 2017

(In Millions of USD ) 31-Dec-17 31-Dec-16 YOY
Total Assets                  18,375                  17,208 6.78%
Net Loans and Advances to Customers at Amortized Cost                     5,620                     4,701 19.55%
Customers’ Deposits and Credit Balances at Amortized Cost                  13,016                  12,259 6.18%
Total Shareholders’ Equity                     2,353                     2,311 1.85%
Net Income                  204.42                  201.37

1.51%

 

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