BoB reports rise in profits in first nine months

Bank of Beirut said that its net profits totaled $79 million in the first nine months of 2012, up by 3.6 percent year-on-year.

Total assets stood at $10.2 billion at end-September, up by five percent from end-2011. Customers’ deposits amounted to $8 billion, marking an increase of well over six percent since end-2011. Net loans and advances rose by almost four percent to $3.4 billion.