Byblos Bank reports 5.9% drop in 2012 profit
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Byblos Bank reports 5.9% drop in 2012 profit

Byblos Bank reports 5.9% drop in 2012 profit

Lebanese lender Byblos Bank has reported a 5.9% year-on-year fall in net profits in 2012 after allocating $66.7m in provisions for credit losses, The Daily Star has reported. Unaudited consolidated net income for 2012 reached $169m, compared with $179.7m for 2011. Total assets climbed to $17bn by the end of 2012, compared with $16.6bn at the end of 2011, the bank said.

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