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-15 | Dec-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 | 1.69 | 0.99% |
*Value of March 2014
Source: BSE News