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Bank of Beirut posts 3.42% increase in profits
- Lebanon: Monday, October 29 - 2012 at 07:54
Lebanon-based Bank of Beirut has said its unaudited net profits in the first nine months of this year rose by 3.42% to $78.67m, The Daily Star has reported. The bank's assets base grew 14.63% to $10.22bn from $8.92bn during the same period of 2011, helped by a 13.06% expansion in the net loans portfolio that reached $3.42bn, 80% of which were in foreign currencies, against $3.02bn a year earlier.
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