The BLOM Bank in Beirut. (The Daily Star Photo)
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Lebanon's 14 leading banks saw their profits rise by 9 percent in the first half of 2015 although this was not coupled with an improvement in return ratios.Commenting on the profits in the first six months of this year, the report said such an evolution comes amid stability in spread at 1.88 percent, a minor rise in non-interest income as a percentage of average assets from 0.94 percent to 0.98 percent leading to a slight rise in asset utilization from 2.81 percent to 2.86 percent.In parallel, customer deposits, accounting for 82.9 percent of bank assets, rose by 2.2 percent over the first half of 2015, with domestic deposits growing by 3.0 percent while foreign deposits decreased by 1.4 percent over the period.
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