Bank of Beirut profits rise by 7.5 percent

Bank of Beirut profits were up by 7.54 percent in 2013 compared to 2012, reaching to $148 million.

Total assets increased by 18 percent, to $13.6 billion. Deposits rose by 15 percent to $10.2 billion. Loans to customers increased by 9.75 percent, reaching $3,713 million.

Bank of Beirut is present in nine countries besides Lebanon. Its largest entities abroad are in Australia (16 branches). Australian branches helped the bank achieve good growth in profits and assets. Most of these foreign implementations are in developed or low risk countries.