The Alpha Group of Banks, the top 14 Lebanese banks whose deposits exceed $2B, displayed intact yearly progresses in the first three quarters (Q3) of 2016, as their assets reached 413% of GDP.
Alpha Banks’ total assets, including that of subsidiaries in foreign countries, broadened 7.30% year-on-year (y-o-y) to $214.19B, by September 2016. Assets in domestic branches grew by an annual 8.92% to $173.78B, whereas those in foreign branches increased marginally by 0.87% to $40.41B by September 2016. In details, net loans and advances to customers inched up by 9.36% to $66.84B, where loans of domestic branches increased 8.17% to $45.86B, while loans of foreign branches edged up by 12.05% to $20.98B end of Q3 2016. Debt instruments at amortized costs increased by 3.46%, during the same period, to $65.08B.
For the full report, click on the link below:
alpha-banks-q3-2016-performance