Byblos Bank Recorded $113.08M in Net Profit by September 2015
Byblos Bank’s net profits barely grew by 0.26% year-on-year (y-o-y) to $113.08M in the first three quarters (Q3) of 2015. Worth mentioning, that the Bank reported a strong adequacy ratio, which amounted to 17.6% versus a 12% minimum regulatory requirement.
On the balance sheet, total assets improved, increasing by 1.64% year-to-date (y-t-d) to $19.35B by end September 2015. Loans and advances to customers remained relatively stable, marginally ticking down by 0.03% y-t-d to $4.73B, over the same period.
On the liabilities side, customers’ deposits augmented by 2.79% since year-start to $16.15B by September 2015.
Shareholders’ equity downturned by 0.26% y-t-d to $1.66B during the first 9 months of the year.
Byblos Bank’s Financial Results ($B)
| Sept 30, 2015 | Dec 31, 2014 | change | |
| Customers Deposits | 16.15 | 15.72 | 2.79% |
| Loans and Facilities to Customers | 4.73 | 4.73 | -0.03% |
| Total Assets | 19.35 | 19.03 | 1.64% |
| Shareholders’ Equity | 1.66 | 1.69 | -1.50% |
| Net Profit ($M) | 113.08 | 112.80* | 0.26% |
| * September 2014 |
