BoB Net Income Stood at $138.02M By Q3 2015
Bank of Beirut (BoB) witnessed a 12.03% annual rise in its net income over the first nine months of the year to $138.02M. This increase can be traced back to the 41.42% surge in net income from securities at fair value through profit and loss (FVTPL) to $50.40M, since net interest income and net fee and commission income registered small gains of 2.18% and 2.16% y-o-y to respective values of $170.37M and $58.00M.
Total liabilities and shareholder equity increased by 10.10% y-t-d to $15.39B, as customer deposits totaled $11.31B, up from $10.28B at the start of the year. On the asset side, loans and advances to customers also improved by 1.56% to $4.10B.
Shareholders’ equity gained 13.43% to $1.99B over the first nine months of the year.
BoB common shares closed on Friday at $18.40. Based on the released financials, earnings per common share stood at LBP 2,903 and earnings per preferred share reached LBP 4,213.
BoB’s Financial Results ($B)
| Sept 30, 2015 | Dec 31, 2014 | % change | |
| Customers Deposits | 11.31 | 10.28 | 10.45% |
| Loans and Facilities to Customers | 4.10 | 4.03 | 1.56% |
| Total Assets | 15.39 | 13.97 | 10.10% |
| Shareholders’ Equity | 1.99 | 1.76 | 13.43% |
| Net Profit ($M) | 138.02 | 123.19* | 12.03% |
| * September 2014 |
Source: BSE News
