Bank of Beirut’s Net Income Up by a Yearly 6.54% to $96.82M by June 2017

According to the consolidated un-audited balance sheet of Bank of Beirut, total assets rose by a yearly 9.30% to $17.64B as of end June 2017.

Net Loans and Advances to Customers at amortized cost progressed by an annual 13.66% to $5.06B by June 2017.

On the liabilities’ side, customers’ deposits and credit balances at amortized cost grew by a yearly 6.19% to $12.70B and total shareholders’ equity advanced by 10.11% year-on-year to $2.33B.

As for the bank’s income statement, it revealed a 6.54% annual growth in net income to $96.82M.

In fact, net interest income and net commission income both increased by annual rates of 12.07% and 8.79% to $136.84M and $41.02M as at end June 2017, respectively.

BOB Financial Highlights

In Millions of USD30-Jun-1730-Jun-16YOY
Total Assets                 17,635                 16,1359.30%
Net Loans and Advances to Customers at Amortized Cost                    5,059                    4,45113.66%
Customers’ Deposits and Credit Balances at Amortized Cost                 12,703                 11,9636.19%
Total Shareholders’ Equity                    2,332                    2,11810.11%
Net Income                    96.82                    90.886.54%

Source: Bank of Beirut, Beirut Stock Exchange

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