Byblos Bank’s Profits Up by 0.51% to $113.08M in Q3 2016
The consolidated financial statements of Byblos Bank revealed a small 0.51% year-on-year (y-o-y) increase in profits to $113.08M in the third quarter of 2016 (Q3 2016). This was due to the fall in net interest income and net fees and commissions income respectively by a yearly 5.06% and 0.08% to $183.92M and $60.75M.
The banks’ balance sheet showed that assets rose by 3.53% to $20.57B since year start and that customer loans rose by 4.26% since year start to $5.12B. On the liabilities side, customers’ deposits showed a 3.31% upturn since year start to $16.90B while shareholders’ equity fell by 0.86% year-to-date to $1.70B.
Byblos Bank Financials in Q3 2016
| Sep-16 | Dec-15 | % change | |
| Net Profit | 113.66 | 113.08* | 0.51% |
| Total Assets | 20,572 | 19,870 | 3.53% |
| Customer Deposits | 16,899 | 16,357 | 3.31% |
| Shareholders’ Equity | 1,699 | 1,714 | -0.86% |
| Loans and Advances to customers | 5,118 | 4,909 | 4.26% |
*September 2015
