Bank of Beirut Net Income Up by 14.77% by Q1 2017

As per its latest unaudited financial statements, Bank of Beirut (BoB) recognized a yearly 14.77% rise in its net income by Q1 2017 to stand at $50.24M. BoB saw its net interest income improve by 17.03% over the year to $68.71M. Likewise, the bank’s net fees and commissions rose by 8.77% to $20.66M.

The banks’ balance sheet showed that assets dropped by a 1.68% year-to-date to $16.92B start and that customer loans increased by 1.20% y-t-d to $4.76B. On the liabilities side, customers’ deposits slightly fell from year start by 0.67% to $12.23B while shareholders’ equity increased by 2.18% to $2.36B by March 2017.


Bank of Beirut’s Financial Results ($M)

In millions of USD31-Dec-1631-Mar-17YTD
Total Assets                  17,207                  16,917-1.68%
Net loans and Advances to Customers at Amortized Cost                    4,701                    4,7571.20%
Customers’ Deposits at Amortized Cost                  12,312                  12,229-0.67%
Total Shareholders’ Equity                    2,309                    2,3592.18%
Profit for the Year*43.7850.2414.77%

Source: BoB financials

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