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)
|Loans and advances to customers||4.45||4.03||10.49%|
* Value of June 2015