According to the consolidated unaudited balance sheet of Bank of Beirut, total assets rose by a yearly 2.91% to $18.90B in 2018. In details, “Net Loans & Advances to Customers at amortized cost” and “Cash and deposits at central banks” rose by 0.99% and 0.42% annually, to reach $5.66B and $982.2M respectively.
On the liabilities’ side, Customers’ deposits rose by a yearly 0.92% to stand at $ 13.11B, while total shareholders’ equity recorded an uptick of 0.03% to reach $ 2.35B by December 2018.
As for the bank’s income statement, Net Income revealed a growth of 2.83% to reach $210.19M at the end of December 2018. In fact, Net interest income and net operating income grew by 2.90% and 5.41% in 2018 to hit $ 297.97M and $ 248.09M respectively.
Financial Highlights of Bank of Beirut in 2018
|(In Millions of Dollars)||31/12/2017||31/12/2018|
|Net Loans and Advances to Customers at Amortized Cost||5,602.06||5,657.37||0.99%|
|Customers’ Deposits and Credit Balances at Amortized Cost||12,990.38||13,109.45||0.92%|
|Total Shareholders’ Equity||2,352.60||2,353.22||0.03%|