BLC Bank’s Net Income Decreased by 25.56% Annually by September 2015

BLC Bank witnessed a 25.56% y-o-y decline in their net income over the first three quarters of 2015 to $32.78M. Net interest income shed 29.66% to $92.18M, and net fee and commission income lost a similar 27.44% to $13.82M.

Customer deposits portrayed a 6.67% y-t-d increase to $4.58B, contributing to the 6.31% upturn in total liabilities and equity to $5.72B. However, on the assets side, loans and advances to customers revealed a 3.00% decrease since the start of the year to $1.88B.

Shareholders’ equity gained 2.20% to $487.50M over the first three quarters of the year.


BLC Bank’s Financial Results ($B)

Sept 30, 2015Dec 31, 2014% change
Customers Deposits4.584.296.67%
Loans and Facilities to Customers1.881.94-3.00%
Total Assets5.725.386.31%
Shareholders’ Equity ($M)487.50477.022.20%
Net Profit ($M)32.7844.04*-25.56%
* September 2014

Source: BSE News

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