Financial Highlights of BLC Bank: June 2017
(In millions of US$) | Jun-17 | Dec-16 | YTD |
Total Assets | 5,850.28 | 5,749.49 | 1.75% |
Loans and Advances to Customers | 1,875.06 | 1,850.57 | 1.32% |
Customers’ Accounts at Amortized Cost | 4,758.36 | 4,690.50 | 1.45% |
Shareholders’ Equity | 594.07 | 577.91 | 2.80% |
(In millions of US$) | Jun-17 | Jun-16 | YOY |
Net Profit for the Period | 24.87 | 19.50 | 27.52% |
Source: BLC Bank, Beirut Stock Exchange
According to the consolidated financial statements of BLC Bank, the bank’s net profit for the first half of the year totaled $24.87M, up by an annual 27.52%.
According the bank’s financial highlights, “recurrent income from the operations in Lebanon […] constituted mainly of net interest and net commissions, reached $25.6M till June 2017, up by +3% from the $24.9M registered till June 2016”.
The bank’s total assets registered a 1.75% year-to-date (y-t-d) uptick to $5.85B during the first half of 2017 (H1 2017).
Loans and advances to customers rose by 1.32% since year-start, to amount to $1.88B, as at June 30, 2017.
On the liabilities side, customers’ deposits added 1.45% y-t-d, to settle at $4.76B as at June 30, 2017, while shareholders’ equity increased by 2.8% y-t-d to $594.07M.
According to BLC’s statement “Consolidated Capital Adequacy ratio stands at 16.3%, compared to a 14.5% required by the Central Bank.”