The consolidated financial statements of Byblos Bank revealed a small 0.51% year-on-year (y-o-y) increase in profits to $113.08M in the third quarter of 2016 (Q3 2016). This was due to the fall in net interest income and net fees and commissions income respectively by a yearly 5.06% and 0.08% to $183.92M and $60.75M.
The banks’ balance sheet showed that assets rose by 3.53% to $20.57B since year start and that customer loans rose by 4.26% since year start to $5.12B. On the liabilities side, customers’ deposits showed a 3.31% upturn since year start to $16.90B while shareholders’ equity fell by 0.86% year-to-date to $1.70B.
Byblos Bank Financials in Q3 2016
| ||Sep-16||Dec-15||% change|
|Loans and Advances to customers||5,118||4,909||4.26%|