Bank of Beirut’s Net Profits Added 8.43% to $149.65M

Bank of Beirut’s financial statements displayed an 8.43% yearly rise in net profits to $149.65M end of September 2016. In fact, net interest income and net fees and commission income grew by 11.74% and 6.76% year-on-year (y-o-y) to $190.37M and $61.92M, respectively, end of the third quarter (Q3) 2016.

On the balance sheet, total asset broadened 7.38% y-o-y to $16.52B, where loans and advances to customers increased 11.46% to $4.57B, end of Q3 2016.

On the liabilities side, customers’ deposits added 3.55% y-o-y to $11.71B end of September 2016. Meanwhile shareholders’ equity grew 15.56% annually, to $2.30B, by September 2016.

BOB Financials by September

($M)Sep-16Sep-15% Change
Net Profits149.65138.028.43%
Total Assets16,521.3915,385.667.38%
Customers’ Deposits11,711.4911,310.073.55%
Total Equity2,302.031,992.1215.56%

Source: BSE News

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