Top Lebanese lenders report lower quarterly income

: Tuesday, June 10 - 2014 @ 01:25

According to data released by Lebanon’s Bankdata Financial Services, the country’s largest 14 banks saw their combined profits in the first quarter of this year fall by 2.6%, while domestic net profits dropped by 5%, The Daily Star has reported. Total profits of the banks, which are better known as the Alpha Group, in the first quarter of this year stood at $430m, with both BLOM and Audi making a total profit of $174m. Customer deposits of this group, meanwhile, exceeded $2bn in the first three months of this year, said the report.

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Tuesday, June 10- 2014 @ 1:25 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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