According to the consolidated unaudited balance sheet of Bank of Beirut, Total assets rose by 6.78% year-on-year (y-o-y) to $18.38B by December 2017.
In details, Net Loans and Advances to Customers at amortized cost progressed by an annual 19.55% to reach $5.62B in 2017.
On the liabilities’ side, Customers’ deposits and credit balances at amortized cost grew by 6.18% y-o-y to stand at $13.02B and Total shareholders’ equity advanced by a yearly 1.85% to $2.35B.
As for the bank’s income statement, it revealed a 1.51% annual growth in Net income which ended 2017 at $204.42M.
In fact, Net interest income and Net commission income both rose by the annual rates of 15.18% and 12.06% to $292M and $91.04M by December 2017, respectively.
Financial Highlights of Bank of Beirut in 2017
|(In Millions of USD )||31-Dec-17||31-Dec-16||YOY|
|Total Assets|| 18,375|| 17,208||6.78%|
|Net Loans and Advances to Customers at Amortized Cost|| 5,620|| 4,701||19.55%|
|Customers’ Deposits and Credit Balances at Amortized Cost|| 13,016|| 12,259||6.18%|
|Total Shareholders’ Equity|| 2,353|| 2,311||1.85%|
|Net Income|| 204.42|| 201.37|