Lebanon’s Blom Bank says net profit climbs

The BLOM Bank in Beirut. (The Daily Star)

CAIRO: Lebanon’s Blom Bank said Wednesday its net profit for the first half of 2014 rose to $179.2 million from $175.6 million in 2013, a 1.9 percent increase. In a brief statement, Blom Bank said assets increased to stand at $27.4 billion, 7.7 percent higher than the same period a year ago, and customers’ deposits rose to $23.5 billion, a 6.0 percent increase.

A version of this article appeared in the print edition of The Daily Star on July 31, 2014, on page 5.




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