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CHAMPION OF THE DAY
SGBL’s profits up by 30 percent to $90 million
Société Générale de Banque au Liban (SGBL) posted profits of $90.2 million at end-September 2012, up by 29.8 percent year-on-year.
SGBL’s total assets reached $10.6 billion at end-September, almost unchanged from end-2011. Customer deposits reached $8.5 billion, showing a marginal drop of 0.6 percent since end-2011.
Net operating income rose by 38.6 percent year-on-year to $213 million, while total operating expenditures increased by 47.4 percent year-on-year to $115.9 million.
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Dec 11, 2012
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