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