As at December 31, 2014, total assets of Byblos Bank posted $19 billion, growing by $0.6 billion or 3%, while customers’ deposits surged stood at $15.7 billion, recording a rise by $1.0 billion or 6.6%, according to a recent statement issued by Byblos Bank.
In addition, customers’ loans were amounted to $4.7 billion, growing by $0.2 billion or 4.8%. In addition, the Bank’s net profit totaled $175.7 million, soaring by $19.5 million or 12.5%.
Primary liquidity placed with banks and central banks (including Central Bank of Lebanon certificates of deposit) reached $9.5 billion by the end of 2014, forming 50% of total assets.
The report pinpointed that “Byblos Bank reported a capital adequacy ratio of 16.5%, far surpassing regulatory minimums of 11.5% for 2014 and 12% for 2015.”
Meanwhile, the Bank’s net non-performing loans (NPL) to net loans were below 1% by December, 31, 2014, achieving NPL coverage ratio – including collective provisions – of 120% as at the same date.
