Bank of Beirut’s Profits Rise 2.17% in H1 2016
According to Bank of Beirut ‘s (BoB) income statement, the bank’s consolidated net income reached $90.88M in June 2016, 2.17% higher than the same period last year.
On the balance sheet, total assets rose 5.29% year-to-date (y-t-d) to $16.14M, as of June 30, 2016. The key driver of this growth in assets was the 10.49% growth in net loans to customers to $4.45B.
Customers’ deposits increased 5.77% y-t-d to $11.96B in H1.
As for shareholders’ equity, it grew 11.34% to $2.12M by June 2016.
Bank of Beirut Financial Highlights ($B)
| Jun-16 | Dec-15 | % change | |
| Net Profits($M) | 90.88 | 88.95* | 2.17% |
| Total Assets | 16.14 | 15.33 | 5.29% |
| Customers’ Deposits | 11.96 | 11.31 | 5.77% |
| Shareholders’ Equity | 2.12 | 1.90 | 11.34% |
| Loans and advances to customers | 4.45 | 4.03 | 10.49% |
* Value of June 2015
