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)
|Loans and Facilities to Customers||1.89||1.94||-2.40%|
|Shareholders’ Equity ($M)||477.87||477.02||0.18%|
|Net Profit ($M)*||23.14||23.27||-0.57%|
|*From June 2014 to June 2015|
Source: BLC Bank