The BLOM Bank in Beirut. (The Daily Star)
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Lebanon's three leading banks achieved reasonable profits in the first half of 2015 thanks to cautious lending policy and good results from foreign subsidiaries, a BLOM study said Tuesday.BLOM Bank came next, with net profit reaching $190.35 million, up by 6.21 percent, while Byblos Bank's net profit stood at $70.1 million, higher by 0.8 percent.Bank Audi came second with a ROAE of 13.8 percent and a ROAA of 0.96 percent, while Byblos' Bank ROAE stood at 7.82 percent and its ROAA at 0.73 percent.BLOM Bank saw its assets rise to $28.62 billion, higher by 4.55 percent; its loans increased to $7.02 billion, up by 3.89 percent.
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