Byblos Bank’s Profits Rose by 0.53% y-o-y to $66.63M in H1 2018

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

(in $M) 30-Jun-18 31-Dec-17 YTD
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

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