BoB posts 2000 profits up 6.1 percent
Bank of Beirut S.A.L. (BoB) released unaudited results for 2000 showing net income rose 6.1 percent to $19.2 million. Interest income from treasury bills increased 16.8 percent to $76.6 million, helping boost net interest income 11.6 percent to $38.7 million.
The bank’s assets stood at $2.06 billion at the end of 2000, up 15.5 percent from end-1999, while customer deposits were 19.1 percent higher than a year before at $2.39 billion. Outstanding loans totaled $531.4 million at the end of last year, a 5.7 percent increase on end-1999. At the same time, tier 1 capital was up 12.9 percent to $125.5 million. — ( Banque du Liban et d'Outre-Mer Sal )
© 2001 Mena Report (www.menareport.com)