BLC Bank’s Net Income Decreased by 25.56% Annually by September 2015
BLC Bank witnessed a 25.56% y-o-y decline in their net income over the first three quarters of 2015 to $32.78M. Net interest income shed 29.66% to $92.18M, and net fee and commission income lost a similar 27.44% to $13.82M.
Customer deposits portrayed a 6.67% y-t-d increase to $4.58B, contributing to the 6.31% upturn in total liabilities and equity to $5.72B. However, on the assets side, loans and advances to customers revealed a 3.00% decrease since the start of the year to $1.88B.
Shareholders’ equity gained 2.20% to $487.50M over the first three quarters of the year.
BLC Bank’s Financial Results ($B)
| Sept 30, 2015 | Dec 31, 2014 | % change | |
| Customers Deposits | 4.58 | 4.29 | 6.67% |
| Loans and Facilities to Customers | 1.88 | 1.94 | -3.00% |
| Total Assets | 5.72 | 5.38 | 6.31% |
| Shareholders’ Equity ($M) | 487.50 | 477.02 | 2.20% |
| Net Profit ($M) | 32.78 | 44.04* | -25.56% |
| * September 2014 |
Source: BSE News
