Byblos Bank’s Net Profit Fell by 8.5% in 2015

Byblos Bank announced its financial results for the year 2015 revealing a declining net profit by 8.48% year-on-year (y-o-y) to $160.60M. This was driven by declines in net fees and commissions and net gain on financial assets at amortized cost which more than offset the improving net interest income, over the same period. In details, net interest income rose yearly by 7.57% to $259.52M by December, 2015. This was offset by the respective 10.24% and 16.63% annual declines to $80.90M and $57.97M in net fees and commission and net gain on financial assets at amortized costs.

 Assets reached $19.87B in December 2015, higher by 4.39% from December 2014, while customers’ deposits increased by 5.48% to $16.36B (82% of total liabilities). Stronger growth was recorded in lending activity as loans ticked up by 4.31% y-o-y to $4.91B (24% of total assets). As for shareholders’ equity, it rose by 1.43% to $1.71B, up from $1.69B in December 2014.


Byblos Bank Financial Highlights ($B)

Dec 2015Dec 2014% change
Loans and Facilities to Customers4.914.714.31%
Total Assets19.8719.034.39%
Customers Deposits16.3615.515.48%
Shareholders’ Equity1.711.691.43%
Net Profit ($M)160.60175.48-8.48%


Source: Byblos Bank


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