Byblos Bank profits down

Performance offset by interest income, fees

Byblos Bank’s net income during the first half of 2013 dropped by five percent year-on-year to reach $76 million. But the bank has seen a relatively better performance in other indicators. In the first six months, consolidated assets grew by around three percent to $17.6 billion and customer deposits grew by five percent to $14.1 billion. Loans stood flat at $4.1 billion. Primary liquidity is still high, at 66 percent of total deposits.

This improved performance was offset by a number of factors. Net interest income was down by four percent year-on-year from $125 million.