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Lebanon's Blom Bank Q1 net profit flat at $87.5 mln
April 29, 2014 / 3:36 PM / 3 years ago

Lebanon's Blom Bank Q1 net profit flat at $87.5 mln

BEIRUT, April 29 (Reuters) - Lebanon’s Blom Bank reported first-quarter net profit of $87.5 million on Tuesday, up just 0.46 percent on the same period last year.

Blom said the flat profits came amid “unstable economic and political conditions” in Lebanon, which has suffered from the impact of civil war in neighbouring Syria.

The bank said its assets rose by 6.4 percent to $26.7 billion, while deposits rose 5.6 percent to $23 billion. (Reporting by Dominic Evans, editing by William Hardy)

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