During Byblos Bank’s extraordinary general assembly on the 30th of September, the board of directors of the bank approved the acquisition of the assets, rights, liabilities, and commitments of Banque Pharaon & Chiha.
Byblos Bank Financial Highlights in H1 2016 ($M)
| Jun-16 | Dec-15 | % change | |
| Net Profits | 73.75 | 69.59* | 5.97% |
| Total Assets | 20,434.41 | 19,870.25 | 2.84% |
| Total Loans | 4,999.36 | 4,908.55 | 1.85% |
| Shareholders’ Equity | 1,662.72 | 1,713.73 | -2.98% |
* Value of June 2015
Source: BSE