January 30, 2018 / 5:25 PM / in 4 months

Lebanon's Audi Bank says 2017 net profit up 13 pct y/y to $559 mln

BEIRUT, Jan 30 (Reuters) - Lebanon’s lender Audi Bank posted a 13 pct rise in 2017 net profit to $559 million from the previous year due to an improvement in the country’s economic activity, the bank said on Tuesday.

Consolidated assets reached $43.8 billion at the end of December 2017, it said in a statement. The bank said customer deposits stood at $33.5 billion at the end of 2017, while loans to customers stood at $16.3 billion.

Reporting by Suleiman Al-Khalidi; Editing by Gareth Jones

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