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Lebanon's BankMed posts 7.9% rise in 2012 profits
- Lebanon: Wednesday, March 13 - 2013 at 02:31
Lebanese lender BankMed has posted a 7.9% increase in 2012 net profits to $126.7m, compared with $117.5m in the previous year, The Daily Star has reported. The bank's assets totalled $12.5bn at the end of last year, up by 6.1% from a total of $11.8bn a year earlier. Total operating expenses rose by 23.9% year-on-year to $257.9m in 2012, of which staff costs reached $125.9m, 23.1% higher than those reported in 2011.
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