According to BLC Bank’s income statement, net profits dropped 19.99% year-on-year to $9.24M in the first quarter (Q1) of 2016. Net interest income and net fees and commission income decreased 38.07% and 7.99%, yearly, to $18.86M and $4.33M, respectively.
On the balance sheet, total assets narrowed 3.26% year-to-date (y-t-d) to $5.55B, as loans and advances to customers decreased 1.92% since year start to $1.87B, end of March.
Customers’ deposits contracted 0.46% y-t-d to $4.56B in Q1.
As for shareholders’ equity, it grew 1.86% to $514.66M by March 2016.
BLC Bank Financial Highlights ($M)
(*) Value of March 2015
Source: BSE News