Lebanon-headquartered BLOM Bank has posted
a 12.9% increase in net profit to $330.7m for the 12 months to 31
December.
Net interest income increased by 18.2%
while net fees and commission income rose by 20.6%.
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BLOM ended the fourth quarter posting its
lowest ever cost-income ratio: 35%.
Total assets rose by 8% to $22.3bn;
deposits increased by 9.2% to $19.6bn while loans and advances were
29% ahead at $5.2bn.
BLOM ended 2010 with a branch network of
69 outlets in Lebanon and 85 units outside the country.
Rival lenders Bank Audi
and Byblos Bank have also posted strong results for fiscal 2010,
both lenders reporting an increase in net profit of more than
20%.
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