Bank of Beirut’s Net Profits Added 8.43% to $149.65M
Bank of Beirut’s financial statements displayed an 8.43% yearly rise in net profits to $149.65M end of September 2016. In fact, net interest income and net fees and commission income grew by 11.74% and 6.76% year-on-year (y-o-y) to $190.37M and $61.92M, respectively, end of the third quarter (Q3) 2016.
On the balance sheet, total asset broadened 7.38% y-o-y to $16.52B, where loans and advances to customers increased 11.46% to $4.57B, end of Q3 2016.
On the liabilities side, customers’ deposits added 3.55% y-o-y to $11.71B end of September 2016. Meanwhile shareholders’ equity grew 15.56% annually, to $2.30B, by September 2016.
BOB Financials by September
| ($M) | Sep-16 | Sep-15 | % Change |
| Net Profits | 149.65 | 138.02 | 8.43% |
| Total Assets | 16,521.39 | 15,385.66 | 7.38% |
| Customers’ Deposits | 11,711.49 | 11,310.07 | 3.55% |
| Total Equity | 2,302.03 | 1,992.12 | 15.56% |
Source: BSE News
