According to the consolidated unaudited balance sheet of Bank of Beirut, total assets rose by a yearly 2.91% to $18.90B in 2018. In details, “Net Loans & Advances to Customers at amortized cost” and “Cash and deposits at central banks” rose by 0.99% and 0.42% annually, to reach $5.66B and $982.2M respectively.
On the liabilities’ side, Customers’ deposits rose by a yearly 0.92% to stand at $ 13.11B, while total shareholders’ equity recorded an uptick of 0.03% to reach $ 2.35B by December 2018.
As for the bank’s income statement, Net Income revealed a growth of 2.83% to reach $210.19M at the end of December 2018. In fact, Net interest income and net operating income grew by 2.90% and 5.41% in 2018 to hit $ 297.97M and $ 248.09M respectively.
Financial Highlights of Bank of Beirut in 2018
(In Millions of Dollars) | 31/12/2017 | 31/12/2018 | |
Total Assets | 18,366.26 | 18,900.22 | 2.91% |
Net Loans and Advances to Customers at Amortized Cost | 5,602.06 | 5,657.37 | 0.99% |
Customers’ Deposits and Credit Balances at Amortized Cost | 12,990.38 | 13,109.45 | 0.92% |
Total Shareholders’ Equity | 2,352.60 | 2,353.22 | 0.03% |
Net Income | 204.42 | 210.19 | 2.83% |