BLC Bank consolidated income statement revealed 43.64% yearly surge in net profits to $33.98M in September 2014. This can be mainly attributed to the 25.11% and 2.35% year-on-year rises in net interest income and net fee and commission income that stood at $97.86M and $14.18M, respectively. On the statement of financial position, total assets revealed a 3.88% year-to-date (y-t-d) increase to $5.33B, by the end of the third quarter (Q3), 2014, mostly due to the 3.44% growth, since year start, in loans and advances to customers, standing at $1.94B. Looking at the liabilities side, customers’ deposits narrowed 2.08% y-t-d to $4.21B, by September 2014. Meanwhile, shareholders’ equity grew by 5.98%, since the beginning of the year, to $467.52M, end of September 2014. BLC Bank’s Financial Highlights
Sep-14 | Dec-13 | %change | |
Total Assets | 5.33 | 5.13 | 3.88% |
Loans and Advances to Customers | 1.94 | 1.88 | 3.44% |
Customers’ Deposits | 4.21 | 4.30 | -2.08% |
Shareholders’ Equity (in $M) | 467.52 | 441.16 | 5.98% |
Profit/Loss (in $M) | 33.98 | 23.66 | 43.64% |