Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The combined net profits of six out of seven Lebanese banks operating in Syria dropped 54 percent in the first half of 2014 to SYP 2.89 billion, down from SYP 6.35 billion during the same period last year.According to Credit Libanais' weekly economic newsletter, Bank Audi Syria posted the highest net profits – $9.08 million – followed by Bank BEMO Saudi Fransi with $8.78 million, Bank of Syria & Overseas with $3.58 million, Sharq Bank with $2.52 million and Byblos Bank Syria with $1.09 million.Bank BEMO Saudi Fransi held the highest share of combined assets at 33.19 percent, followed by Bank of Syria & Overseas at 26.4 percent, Bank Audi Syria at 14.75 percent and Byblos Bank Syria at 11.94 percent.
FOLLOW THIS ARTICLE