BLC profits fall in first half

BLC Bank reported net profits of $15.5 million at the end of June, posting a 36 percent year-on-year drop. This is mainly attributed to an 89 percent y-o-y drop in gains on disposal of property and equipment, which totaled some $1 million at end-June.

The bank reported an increase in its net interest income by 43 percent to $46.6 million, while net fees and commission income came in higher at $9.29 million.

BLC bank’s consolidated assets rose by 5.4 percent from end-2011 to $4.6 billion. Customer deposits rose to $3.9 billion, up by some eight percent. Loans also rose by 8.8 percent to $1.6 billion.