Lebanon's Blom Bank posts Q1 profit of $112 mln

 29 Apr 2017 - 10:43

Lebanon's Blom Bank posts Q1 profit of $112 mln

AFP

BEIRUT: Lebanon's Blom Bank reported a 3.5 percent year-on-year rise in first-quarter net profit, it said in a statement on Saturday. 

Net profit for the three months to the end of March was $112.03 million, it said. The bank had reported a $108.23 million net profit for the same period a year ago.

It is Lebanon's second-largest bank by market capitalisation, according to Thomson Reuters data, just behind Bank Audi.

It said assets rose to $30.15 billion at the end of March.