Bank of Beirut’s Net Income Up by a Yearly 6.54% to $96.82M by June 2017
According to the consolidated un-audited balance sheet of Bank of Beirut, total assets rose by a yearly 9.30% to $17.64B as of end June 2017.
Net Loans and Advances to Customers at amortized cost progressed by an annual 13.66% to $5.06B by June 2017.
On the liabilities’ side, customers’ deposits and credit balances at amortized cost grew by a yearly 6.19% to $12.70B and total shareholders’ equity advanced by 10.11% year-on-year to $2.33B.
As for the bank’s income statement, it revealed a 6.54% annual growth in net income to $96.82M.
In fact, net interest income and net commission income both increased by annual rates of 12.07% and 8.79% to $136.84M and $41.02M as at end June 2017, respectively.
BOB Financial Highlights
| In Millions of USD | 30-Jun-17 | 30-Jun-16 | YOY |
| Total Assets | 17,635 | 16,135 | 9.30% |
| Net Loans and Advances to Customers at Amortized Cost | 5,059 | 4,451 | 13.66% |
| Customers’ Deposits and Credit Balances at Amortized Cost | 12,703 | 11,963 | 6.19% |
| Total Shareholders’ Equity | 2,332 | 2,118 | 10.11% |
| Net Income | 96.82 | 90.88 | 6.54% |
Source: Bank of Beirut, Beirut Stock Exchange
