File - Byblos Bank recorded one of the highest capital adequacy rations and liquidity levels in the Lebanese banking sector.
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Byblos Bank has initially acquired Banque Pharaon and Chiha for around $91 million, a move expected to further consolidate the bank's share in the competitive Lebanese market.Byblos Bank has expressed interest in the past to expand none organically and this means acquiring a medium or small size bank to increase assets and boost profits.In 2014, total assets of this bank reached $304.1 million while customer deposits reached $228 million.The bank made a net profit of $3.8 million in 2014 compared to $4.9 million in 2013, a drop of 22.3 percent. Total assets of Byblos Bank in 2015 reached $19.87 billion, higher by 4.39 percent from December 2014, while customers' deposits increased by 5.48 percent to $16.36 billion.
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