Blom Bank says 2016 first quarter net profit rises 18.7 percent

 27 Apr 2016 - 16:24

Blom Bank says 2016 first quarter net profit rises 18.7 percent
 

BEIRUT: Lebanon's Blom Bank said on Thursday its net profit for the first quarter of 2016 rose by 18.7 percent to $108.23 million, mainly due to higher profits at its foreign subsidiaries.

It said assets rose to $29.3 billion at the end of March, up by 4.3 percent.

Customers' deposits increased by 4.7 percent to $25.2 billion and private loans rose 5.3 percent to $7.3 billion. 

Reuters