Bank of Beirut’s Profits Rise 2.17% in H1 2016

According to Bank of Beirut ‘s (BoB) income statement, the bank’s consolidated net income reached $90.88M in June 2016, 2.17% higher than the same period last year.

On the balance sheet, total assets rose 5.29% year-to-date (y-t-d) to $16.14M, as of June 30, 2016. The key driver of this growth in assets was the 10.49% growth in net loans to customers to $4.45B.

Customers’ deposits increased 5.77% y-t-d to $11.96B in H1.

As for shareholders’ equity, it grew 11.34% to $2.12M by June 2016.

Bank of Beirut Financial Highlights ($B)

Jun-16Dec-15% change
Net Profits($M)90.8888.95*2.17%
Total Assets16.1415.335.29%
Customers’ Deposits11.9611.315.77%
Shareholders’ Equity2.121.9011.34%
Loans and advances to customers4.454.0310.49%

* Value of June 2015

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