Profits drop at Lebanon's Byblos Bank

BEIRUT Wed Jan 29, 2014 11:44am EST

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BEIRUT Jan 29 (Reuters) - Lebanon's Byblos Bank reported on Wednesday a 6 percent drop in net profits last year to $157.1 million, reflecting the economic stagnation in a country marred by political paralysis and feeling the effects of a civil war in neighbouring Syria.

It said total assets stood at $18.5 billion, customer deposits increased by 10.2 percent to $14.7 billion and net customer loans rose by 9.5 percent to $4.5 billion. (Reporting by Oliver Holmes; Editing by Greg Mahlich)

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