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.