Bank BEMO’s net profits marginally rose by 0.61% year-on-year by the third quarter of 2016, to $10.40M. In details, the bank’s net interest income and net fee and commission increased by 8.24% and 9.92% annually, to $19.60M and $4.40M, respectively.
On the balance sheet, total assets broadened 5.53% year-to-date (y-t-d) to $1.71B end of Q3 2016, where net loans and advances to customers at amortized costs added 5% to $708M.
On the liabilities side, customers’ deposits added 1.81% y-t-d to $1.32B by September 2016.
As for total equity, it grew 3.31% since end of 2015, to $139M by September 2016.
Bank BEMO financials by Q3 2016 ($M)
| ||Sep-16||Dec-15||% change|
|Loans and Advances to customers||708||674||5.00%|