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Lebanon's Blom says 2012 profit up 1.2 pct at $335 mln
January 28, 2013 / 7:31 AM / 5 years ago

Lebanon's Blom says 2012 profit up 1.2 pct at $335 mln

BEIRUT, Jan 28 (Reuters) - Lebanon’s Blom Bank said on Monday net profit rose 1.2 percent last year to $335.4 million, a modest increase reflecting Lebanon’s economic slowdown and regional instability which has hit the country’s banking sector since 2011.

Blom said total assets rose by $1.9 billion to $25 billion, and deposits grew $1.4 billion to $21.7 billion. Loans to customers increased by $436 million to $6 billion, the bank said. (reporting by Dominic Evans)

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