BLC Bank’s Net Profits Reached $23.14M in H1

BLC Bank’s unaudited financial statements revealed that net profits barely changed year-on-year (y-o-y) with profits of $23.14M in H1 2015, a very slight decrease of 0.57% from H1 2014.

On the statement of financial position, total assets increased by 2.66% year-to-date (y-t-d) to reach $5.52B at the end of the first half of 2015 while loans and facilities to customers dropped by 2.40% year-to-date (y-t-d) to $1.89B.

On the liabilities side, customers’ deposits inched up by 2.69% y-t-d to $4.40B in addition to total shareholders’ equity edging up by 0.18% y-t-d to settle at $477.87M. 

BLC Bank H1 2015 Financial Highlights ($B)

30-Jun-201531-Dec-2014% change
Loans and Facilities to Customers1.891.94-2.40%
Customers Deposits4.404.292.69%
Total Assets5.525.382.66%
Shareholders’ Equity ($M)477.87477.020.18%
Net Profit ($M)*23.1423.27-0.57%
*From June 2014 to June 2015

Source: BLC Bank

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