Lebanon's Audi Bank says 2012 net profit rose 5 percent

BEIRUT Mon Jan 21, 2013 9:07am EST

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BEIRUT Jan 21 (Reuters) - Lebanese lender Audi Bank posted a 5 percent rise in 2012 net profit to $384 million on Monday, despite what it said were tough economic conditions in Lebanon, the Middle East and North Africa.

Consolidated assets rose by $2.6 billion during the year 2012 to reach $31.3 billion at end-December 2012, up 8.9 percent, the country's biggest lender by assets said in a statement. (Reporting by Oliver Holmes; Editing by Anthony Barker)