Bank of Beirut’s Net Income Rose by 0.87% y-o-y to $50.68M in Q1 2018

 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-1831-Dec-17YOY
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                    2,3531.83%
Net Income                    50.68                    50.24*0.87%

*March 2017

Source: BoB, Beirut Stock Exchange

Leave a Reply

Your email address will not be published. Required fields are marked *