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Lebanon’s IBL Bank reports 32.1% rise in H1 profit

IBL Bank has reported a 32.1% rise in consolidated first-half net profit to $19.2m, from $14.5m in the same period last year, The Daily Star has reported. The bank's interest margin amounted to $27.1m in the first half of 2011, up by 14.7% from $23.6m in the first half of 2010. Non-interest income rose to $10.5m in the first half of 2011, from $5.9m in the first half of 2010.