Banque BEMO Consolidated Profits Grew by 33.18% to $7.97M in H1 2015

Banque BEMO recorded profits of $7.97M in H1 2015, a 33.18% surge from June 2014, according to their unaudited financial statements. This mainly came on the back of the 1.59% yearly increase in net interest income to $12.13M and the 14.72% improvement in net fees and commissions’ income to $2.41M.

 As for total assets, they grew from the beginning of the year by 6.66% to $1.57B mainly due to the increase in loans and facilities to customers and related parties which increased by 8.14% year-to-date (y-t-d) to $694.64M.

On the liabilities side, customers’ deposits increased by 7.65% y-t-d to $1.31B while total shareholders’ equity registered a y-t-d gain of 1.61% to $129.22M. 

Banque BEMO H1 2015 Financial Highlights ($M)

Source: Banque BEMO