Bank of Beirut’s Net Income rose by 2.83% in 2018 to $ 210.19M

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
Total Assets 18,366.26 18,900.22 2.91%
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%
Net Income 204.42 210.19 2.83%

 

Leave a Reply

Your email address will not be published.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