According to the consolidated unaudited balance sheet of Bank of Beirut, Total assets fell by 1.31% y-t-d to $18.13B by Q1 2018.
In details, Net Loans and Advances to Customers at amortized cost fell by 7.03%, since year start, to reach $5.23B in March 2018.
On the liabilities’ side, Customers’ deposits and credit balances at amortized cost fell by 2.84% y-t-d to stand at $12.65B, while total shareholders’ equity advanced by a yearly 1.83% to $2.40B.
As for the bank’s income statement, it revealed a 0.87% annual growth in Net income which ended Q1 2018 at $50.68M.
In fact, Net interest income fell by a marginal 0.41% to $68.42M, while Net commission income surged by an annual 19.13% to $24.61M by Q1 2018.
Financial Highlights of Bank of Beirut in Q1 2018
| (In Millions of USD ) | 31-Mar-18 | 31-Dec-17 | YOY |
| Total Assets | 18,133 | 18,375 | -1.31% |
| Net Loans and Advances to Customers at Amortized Cost | 5,225 | 5,620 | -7.03% |
| Customers’ Deposits and Credit Balances at Amortized Cost | 12,646 | 13,016 | -2.84% |
| Total Shareholders’ Equity | 2,396 | 2,353 | 1.83% |
| Net Income | 50.68 | 50.24* | 0.87% |
*March 2017
Source: BoB, Beirut Stock Exchange