Arab Today, arab today credit libanais reports 51 percent increase in profits
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Credit Libanais reports 5.1 percent increase in profits

Arab Today, arab today

Arab Today, arab today Credit Libanais reports 5.1 percent increase in profits

Beirut - Arabstoday

Credit Libanais announced net profits of $35.6 million for the first half for 2012, up 5.1 percent from the $33.8 million in the same period of 2011. Net interest income amounted to $63.3 million, rising by 2 percent from $62 million recorded in the same period of 2011. Net fees and commissions income increased from $13.3 million to $17.1 million respectively. Net operating income edged up 9.6 percent to attain $90.2 million, compared with $82.3 million in the first half of 2011. Assets totaled $7.5 billion at the end of June 2012, up by 4.2 percent from $7.2 billion at the end of 2011. Net loans and advances for the first six months of 2012 stood at $2.1 billion, 7.8 percent higher than the $2 billion for 2011. Customer deposits amounted to $6.5 billion, up by 3.9 percent from $6.3 billion at end-2011. Shareholders’ equity totaled $511.5 million for the first half of 2012, up by 4.7 percent from $488.7 million at end-2011. From DailyStar  

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