Bank BEMO’s Net Profits Rose by 0.61% to $10.4M
Bank BEMO’s net profits marginally rose by 0.61% year-on-year by the third quarter of 2016, to $10.40M. In details, the bank’s net interest income and net fee and commission increased by 8.24% and 9.92% annually, to $19.60M and $4.40M, respectively.
On the balance sheet, total assets broadened 5.53% year-to-date (y-t-d) to $1.71B end of Q3 2016, where net loans and advances to customers at amortized costs added 5% to $708M.
On the liabilities side, customers’ deposits added 1.81% y-t-d to $1.32B by September 2016.
As for total equity, it grew 3.31% since end of 2015, to $139M by September 2016.
Bank BEMO financials by Q3 2016 ($M)
| Sep-16 | Dec-15 | % change | ||
| Net Profit | 10.4 | 10.3* | 0.61% | |
| Total Assets | 1,711 | 1,621 | 5.53% | |
| Customer Deposits | 1,317 | 1,293 | 1.81% | |
| Shareholders’ Equity | 139 | 135 | 3.31% | |
| Loans and Advances to customers | 708 | 674 | 5.00% |
*September 2015
Source: BSE
