BoB Profits Reached $175.47M

Bank of Beirut (BoB) recorded a 20.65% surge in its net profits to $175.47M end of 2014. This upsurge was the result of the 13.50% and 17.03% increase in interest income and net fees and commission income to $225.27M and $75.83M, while operating expenditures added 5.68% to $177.35M.

The statement of financial position showed a 9.69% growth in total assets to $14.96B, with net loans and advances to customers broadening 11.26% to $4.16B.

On the liabilities side, customers’ deposits added 7.67% to $10.95B.

Shareholders’ equity escalated 19.81% to $1.83B.

Leave a Reply

Your email address will not be published.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