Bank BEMO’s Net Profit Up by a yearly 10% to $9M in H1 2019

According to Bank BEMO’s unaudited consolidated financial statements, the bank’s profit for H1 2019 increased by a yearly 10% to reach $9.00M. The rise in profits is largely attributed to the yearly 22.8% uptick in Net interest income to $20.9M by June 2019 and the 5.02% yearly uptick recorded in the bank’s Net fees & Commission Income to reach $2.6M.

On the bank’s balance sheet, Total assets recorded a marginal 0.76% growth since year-start to reach $2.04B, with Loans and advances to customers retreating by 6.82% year-to-date (YTD) to $676.7M. Meanwhile, Customers’ deposits slipped by 5.45% since year start to settle at $1.2B in H1 2019. As for the total Shareholders’ equity, it climbed by 2.82% YTD to $195.3M by June 2019.


Bank BEMO Financials: H1 2019

in $M30-Jun-1931-Dec-18Y-o-Y
Total Assets                                  2,039                              2,0240.76%
Net Loans and advances to customers at amortized cost                                       677                                 726-6.82%
Customer’s Deposits at amortized cost                                  1,203                              1,272-5.45%
Total Equity                                  195.3                              189.92.82%
Profit for the period*                                        9.0                                  8.210.00%
*end June 2018


Source: BSE, Bank BEMO

Leave a Reply

Your email address will not be published. Required fields are marked *