After decreasing for two years in a row, Byblos Bank’s profits reversed the downward trend, growing 12.51% compared to 2013, to stand at $175.72M by December 2014. Worth noting, Byblos outperformed Bank of Beirut, which recorded profits worth $175.47M. Net interest income climbed 6.45% to $247.16M, while net fees and commissions income dropped 2.22% to $247.16M. Total operating expenses added 3.55% to $217.44M.
The bank’s balance sheet posted a 2.98% rise in total assets to $19.04B, where net loans and advances to customers at amortized cost widened 4.84% to $4.71B.
On the liabilities side, customers’ deposits at amortized costs broadened 6.55% to $15.72B.
Total equity grew 2.33% to $1.69B.
Byblos Financial Highlights ($B)
| Dec-14 | Dec-13 | % Change | |
| Net Loans and Advances to Customers at amortized cost | 4.71 | 4.50 | 4.84% |
| Total Assets | 19.04 | 18.49 | 2.98% |
| Customers’ Deposits at amortized cost | 15.72 | 14.75 | 6.55% |
| Total Equity | 1.69 | 1.65 | 2.33% |
| Net Profit ($M) | 175.72 | 156.19 | 12.51% |