Lebanon Businessnews News
 

BEMO Bank profits for Q3 2011
Profits at $7 million unchanged from Q3 2010; total revenues slightly drop
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Bank BEMO announced that its net profits for the first nine months of the year amounted to seven million dollars, almost unchanged from the same period of 2010 ($6.9 million).

BEMO’s net interest income fell to eight million dollars from ten million in the same period of last year. Its total revenues fell to $19.4 million in the first nine months of 2011, down from $20 million last year.

The bank’s total assets stood at $1.43 billion at end September 2011. Customer deposits were $685 million.
Date Posted: Oct 28, 2011
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