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Bank of Beirut records $52m net profit

Lebanese lender Bank of Beirut has posted a 6.9% increase in net profits to $52m in the first half of 2012, compared with $48.7m in the first half of 2011, The Daily Star has reported. Total assets reached $9.9bn at the end of last June, up by 1.6% from $9.7bn a year ago. Net interest income increased by 11.9%, from $68.8m in the first half of 2011 to $76.9m in the first half of 2012 – while net commission earnings increased by 18.4%, from $30.8m in the first half of 2011 to $36.5m in the first half of 2012.