Credit Libanais’ Net Profit Rose by 19% to $53.75M by September

According to Credit Libanais’ Income Statement, the bank’s net profit posted a 19% year-on-year upturn to $53.75M by September. The higher profit came about as net interest income grew by a yearly 11% to $111.16M despite a 2% yearly decrease in net fees and commissions income to $27.56M.

The bank’s balance sheet revealed a 6% year-to-date growth in total assets to $9.75B with Net Loans and advances to customers increasing by 5% year-to-date to $2.97B.

On the liabilities side, deposits from customers and related parties as well as total equity advanced by 7% and 3% since year-start to $8.28B and $819M by September.

Credit Libanais – September 2015 Financial Highlights

In millions of USDSep-15Dec-14YTD
Total Assets                    9,751                    9,1626%
Net Loans and Advances to Customers                    2,974                    2,8325%
Customer Deposits                    8,275                    7,7397%
Total Equity                 819.00                 794.043%
Net Profit for the Year                    53.75                    45.15 (*)19%


Source: Credit Libanais

(*):  Value of September 2014



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