Byblos Bank Consolidated Profits Grew by 1.07% to $70.1M in H1 2015

Byblos Bank recorded profits of $70.1M in H1 2015, a 1.07% increase from H1 2014, according to their unaudited financial statements. This mainly came on the back of the 8.83% yearly increase in net interest income to $127.82M and despite the annual 10.36% drop in net fees and commissions’ income to $40.52M.

As for total assets, they grew from the beginning of the year by 0.72% to $19.17B although loans and facilities to customers and related parties dropped by 0.94% year-to-date (y-t-d) to $4.68B. On the liabilities side, customers’ deposits increased by 1.48% y-t-d to $15.95B while total shareholders’ equity registered a y-t-d fall of 3.72% to $1.62B.

Worth mentioning, according to the press release, the Bank’s net non-performing loans to net loans was maintained at below 1%, and the coverage ratio of non-performing loans reached 113%. Immediate liquidity with banks and central banks stood at $9.5B, representing 50% of the bank’s total assets. 

Byblos Bank H1 2015 Financial Highlights ($B)

30-Jun-201531-Dec-2014% change
Customers Deposits15.9515.721.48%
Loans and Facilities to Customers4.684.72-0.94%
Total Assets19.1719.030.72%
Shareholders’ Equity1.621.69-3.72%
Net Profit ($M)70.1069.361.07%
*From June 2014 to June 2015

Source: Byblos Bank

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