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Byblos Bank’s Tier 1 capital-to-assets ratio reached 7.7% at end-2013

: Wednesday, August 13 - 2014 @ 02:24

The Banker magazine’s “Top 1000 World Banks” survey, reports that Byblos Bank has recorded the highest Tier 1 capital-to-assets ratio of all Lebanese banks for the fifth consecutive year, Byblos Bank’s Tier 1 capital-to-assets ratio reached 7.7% as at end-2013, once again ranking ahead of all other banks in Lebanon. This ratio measures a bank’s financial strength, including its overall solidity and ability to withstand the effects of unexpected losses. Byblos Bank’s high score reflects both its leading position in the domestic market and its reputation for relying on prudent management to protect shareholder value. Semaan Bassil, Vice-Chairman and General Manager of Byblos Bank Group, said the ranking reflected sound practice. Byblos Bank’s strong financial indicators, including strong liquidity levels and one of the industry’s highest capital adequacy ratios, are the product of a well-designed strategy to provide depositors and investors with much-needed safety while sustaining profitability in the long run.

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Wednesday, August 13- 2014 @ 2:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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