VOL. XLIII
No. 30
24-July-2000
LEBANON
Lebanons BLOM And Bank Of Beirut Post 1H 2000 Profit Increase
Banque du Liban et d'Outre-Mer SAL (BLOM), the largest bank in Lebanon, announced on 17 July that its consolidated net profits for the first six months of 2000 rose 14.6% to $39.25mn from $34.25mn for the same period in 1999. According to a BLOM statement, the banks consistent profit growth is due to continuous improvements in its cost-to-income ratio, which has fallen from 60.80% in 1996 to...
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