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, 2015||Dec 31, 2014||% change|
|Loans and Facilities to Customers||1.88||1.94||-3.00%|
|Shareholders’ Equity ($M)||487.50||477.02||2.20%|
|Net Profit ($M)||32.78||44.04*||-25.56%|
|* September 2014|
Source: BSE News