The Alpha Group’s balance sheet showed that the 12% annual rise in the value of loans to customers to $59.85B lifted total assets by a yearly 10% to $194.57B in 2014. Net provisions for credit losses posted a 5% upturn in 2014 to $368M after having declined by 15% in 2013 and having surged by 81% in 2012 after the eruption of the Arab Spring. The value of the Alpha Group’s total portfolio securities increased by a yearly 4% to $63.86B on account of higher exposure to Lebanese Treasury Bills in Lebanese Pounds and BDL Certificate of Deposits in Lebanese Pounds.
On the liabilities side, customer deposits registered a 9% yearly upturn to $158.12B and total shareholders’ equity increased by 12% to $17.17B.
According to Bank Data, the net profits of Alpha Banks rose by 9% y-o-y to reach $1.87B in 2014. Domestic net profit also increased from $1.53B in 2013 to $1.56B in 2014. The Alpha group’s net interest income grew by 13% y-o-y to $3.35B and the group’s net fee & commission income also posted a double-digit growth of 14% y-o-y to $870M.
The number of branches increased from 1,132 in 2013 to 1,199 in 2014. The number of Alpha Group’s domestic branches increased from 765 in 2013 to 799 in 2014 and the number of branches abroad also rose from 367 in 2013 to 400 in 2014.
Assets of Top Ranking Banks
|Audi|| 36.19|| 41.95||16%|
|Blom|| 26.14|| 27.97||7%|
|Byblos|| 18.48|| 19.03||3%|
Source: Bank Data