The consolidated financial statements of Byblos Bank revealed a 0.53% year-on-year (y-o-y) growth in profits to $66.63M in the first half of 2018 (H1 2018). In details, the incremental rise in profits came on the back of a 15.53% y-o-y uptick in net interest income to $148.55M and a 15.47% annual increase in net fees and commission income to $47.13M in H1 2018.
On the banks’ balance sheet, total assets rose by 4.81% to $23.75B since year-start as customer loans increased by 0.68% since Dec. 2017, to stand at $5.47B in H1 2018. On the liabilities side, customers’ deposits revealed a 1.7% upturn since year start, to settle at $18.05B, while shareholders’ equity over the same period retreated by 2.66% year-to-date to $1.82B.
Byblos Bank’s Financial Highlights for H1 2018
|Total Assets|| 23,751||22,661||4.81%|
|Net loans and Advances to Customers at Amortized Cost || 5,472|| 5,435||0.68%|
|Customers’ Deposits at Amortized Cost|| 18,052|| 17,750||1.70%|
|Total Shareholders’ Equity || 1,829|| 1,879||-2.66%|
|Profit for the Period|| 66.63|| 66.28*||0.53%|
*June 30, 2017
Source: Byblos Bank