People walk past the BankMed headquarters in Beirut, Monday, March 31, 2014. (The Daily Star/Mohammad Azakir)
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BankMed maintained double-digit growth in deposits and total assets in 2013 despite an overall economic slowdown that saw net profit almost flatten due to the conservative management strategy of allocating an additional $35 million in general provisions.By the end of December 2013, BankMed's total assets posted a 10 percent growth to hit $13.8 billion.The bank's capital adequacy ratio reached 13.8 percent by the end of 2013 compared to the 10.5 percent required by the Central Bank.BankMed posted an 8 percent growth in profits in 2012 as well as 16 percent growth in deposits and 15 percent growth in loans.
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