The BLOM Bank headquarters in Beirut, Tuesday, Oct. 28, 2014. (The Daily Star/Mohammad Azakir)
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Lebanon's main four banks in terms of profits, assets and deposits have succeeded in achieving relative growth in the third quarter of 2017 despite unfavorable regional conditions, a report by BLOM Bank showed Tuesday.It added that the three other banks followed, with Bank Audi's ROAcE at 13.70 percent and ROAA at 1.02 percent; Bank of Beirut's ROAcE at 11.99 percent and ROAA at 1.17 percent; and Byblos Bank's ROAcE at 8.41 percent and ROAA at 0.71 percent.BLOM reported $31.79 billion in assets, growing by 7.73 percent, and its loan portfolio grew by 6.43 percent to $7.62 billion, while its shareholder's equity fell by 2 percent to $2.87 billion due to its recalling of preferred shares 2011 .Byblos Bank's assets reached $22.39 billion, growing at 7.61 percent, and its loan portfolio increased by 2.47 percent to $5.30 billion, while its shareholder's equity increased to $1.82 billion at a rate of 0.96 percent.
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