According to the consolidated unaudited balance sheet of Bank of Beirut, Total assets fell by 1.31% y-t-d to $18.13B by Q1 2018.
In details, Net Loans and Advances to Customers at amortized cost fell by 7.03%, since year start, to reach $5.23B in March 2018.
On the liabilities’ side, Customers’ deposits and credit balances at amortized cost fell by 2.84% y-t-d to stand at $12.65B, while total shareholders’ equity advanced by a yearly 1.83% to $2.40B.
As for the bank’s income statement, it revealed a 0.87% annual growth in Net income which ended Q1 2018 at $50.68M.
In fact, Net interest income fell by a marginal 0.41% to $68.42M, while Net commission income surged by an annual 19.13% to $24.61M by Q1 2018.
Financial Highlights of Bank of Beirut in Q1 2018
|(In Millions of USD )||31-Mar-18||31-Dec-17||YOY|
|Total Assets|| 18,133|| 18,375||-1.31%|
|Net Loans and Advances to Customers at Amortized Cost|| 5,225|| 5,620||-7.03%|
|Customers’ Deposits and Credit Balances at Amortized Cost|| 12,646|| 13,016||-2.84%|
|Total Shareholders’ Equity|| 2,396|| 2,353||1.83%|
|Net Income|| 50.68|| 50.24*||0.87%|
Source: BoB, Beirut Stock Exchange