January 30, 2019 / 4:58 PM / 16 days ago

Lebanon's Bank Audi says 2018 net profit climbed 8 pct to $501 mln

BEIRUT, Jan 30 (Reuters) - Lebanon’s Bank Audi said on Wednesday its 2018 net profit climbed 8 percent to $501 million, citing factors including a decrease in operating expenses.

Bank Audi said deposits at Bank Audi Lebanon grew by 3.2 percent, or $642 million, in the year, though it said consolidated customers’ deposits dcreased to $32 billion at the end of December from $33.5 billion a year earlier. (Writing by Tom Perry; Editing by Elaine Hardcastle)

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