Byblos Bank published on Friday April 30, 2021 its un-audited financial results for Q1 2021. As expected, the results were impacted by the current crisis affecting the Lebanese economy. Net profit in Q1 2021 came to $883 thousand against $7.96 million in Q1 2020.
In terms of the balance sheet, total assets stood at $18.39 billion, less by 2.18% than assets at end December 2020. Likewise, loans to customers were $2.34 billion, down by 10.69%; customers’ deposits stood at $14.49 billion, lower by 2.86%; and shareholders’ equity amounted to $1.56 billion, less by 0.36%. As a result, the loans to deposits ratio fell from 17.53% to 16.12%.
Byblos Bank Financials
|Loans to Customers||2,336,250||2,615,865|