BLC Bank Financial Highlights in 2018
| (in $M) | Dec-18 | Dec-17 | Y-o-Y |
| Total Assets | 5,895.37 | 5,867.19 | 0.48% |
| Loans and Advances to Customers | 1,607.47 | 1,600.56 | 0.43% |
| Customers’ Accounts at Amortized Cost | 3,908.05 | 3,919.21 | -0.28% |
| Shareholders’ Equity | 585.23 | 561.48 | 4.23% |
| Net Profit for the Period | 41.00 | 46.49 | -11.80% |
According to BLC Bank’s unaudited consolidated financial statements, the bank’s Net profit contracted from $46.49M in 2017 to $41M in 2018. In fact, “Net interest income” fell from $100.25M in 2017 to end 2018 at $88.52M. Meanwhile, BLC’s “Net fee & commission income” added a yearly 2.46% to reach $18.20M.
In turn, BLC’s Total assets ticked upward by a marginal 0.48% year-on-year (y-o-y) to reach $5.89B by December 2018. The uptick can be partly attributed to the “Loans to customers at amortized costs” which rose by 0.43% y-o-y to end 2018 at $1.61B and partly to “Cash reserves and deposits with the central bank” which grew from $911.12M in 2017 to $1.14B in 2018.
On the liabilities side, “Customers’ deposits” lost 0.28% y-o-y to settle at $3.91B in 2018, while total Shareholders’ equity added an annual 4.23% to reach $585.23M over the same period.
Source: BLC Bank, BSE