BLOM Bank’s Net Profit Up by 6.21% in H1 2015
BLOM Bank released today its consolidated and unaudited financial results for the first half of 2015. Despite a weak Lebanese economy and a continuing unstable regional environment, the Bank maintained its balanced growth. Net profit increased to $190.35 million, higher by 6.21% from the first half of 2014, and driven by increases in profit of BLOM Bank’s foreign subsidiaries. Relative profitability also attained respectable ratios, with ROAE reaching 14.86% and ROAA 1.35%. And this performance in profitability was underpinned by BLOM Bank’s notable operational efficiency, as reflected in its cost-to-income ratio of 37.75%, the lowest among listed banks.
BLOM Bank’s Financial Highlights, In USD
| 30/06/2015 | 31/12/2014 | % change | |
| Loans and Advances to customers | 7,000,158,541 | 6,887,967,496 | 1.63% |
| Total Assets | 28,617,164,842 | 27,974,645,439 | 2.30% |
| Customer Depostis | 24,617,316,086 | 23,879,884,577 | 3.09% |
| Shareholders’ Equity | 2,535,897,181 | 2,522,771,476 | 0.52% |
| Net Profit | 190,350,912 (*) | 179,221,891 | 6.21% |
(*) June 2014 Figure
