Byblos Bank Recorded $32.76M Net Profits in Q1 2015

Byblos Bank’s net profits grew 6.67% year-on-year (y-o-y) to $32.76M in the first quarter (Q1) of 2015. This was due to the 12.76% increase in net interest income to $62.95M, which was partly offset by the 13.10% y-o-y decline in net fees and commission income to $20.74M.

On the balance sheet, total assets dropped 0.38% year-to-date (y-t-d) to $18.96B end of March 2015, where loans and advances to customers shrank 0.81% to $4.67B.

On the liabilities side, customers’ deposits declined 0.33% since year-start to $15.46B.

Shareholders’ equity grew 0.99% y-t-d to $1.70B in Q1 2015.


Byblos Bank’s Financial Results ($B)

 Mar-15Dec-14% change
Net profit ($M)                   32.76                   30.71*6.67%
Total assets                   18.96                   19.03-0.38%
Customers’ deposits                   15.46                   15.51-0.33%
Shareholders’ Equity                     1.70                     1.690.99%

*Value of March 2014

Source: BSE News

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