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BLOM Bank posts nearly flat Q1 income

May 20, 2014 12:56 am

Lebanese lender, BLOM Bank said its net profit for the first quarter of 2014 reached $87.5m, almost flat compared with $87.1m recorded in the same period last year, The Daily Star has reported. Total assets grew by $1.6bn to $26.7bn, customers’ deposits increased by $1.2bn to $23bn and loans rose by $452m to $6.5bn, the bank said.