News Column

Lebanon's Bank Audi says first half profit up 1 pct to $190M

July 27, 2014

BEIRUT: Lebanese Bank Audi said Sunday its first half net profit of the year was $190 million, slightly up from $188 million in the same period last year.

The bank said in statement its customer deposits grew by $2.9 billion to $34 billion over the first six months of 2014.

The bank, which operates in 13 countries, added that the growth was mainly driven by its Lebanon, Egypt and Turkey operations.

Lebanese banks have been hit by a slowdown in the economy and unrest sweeping the region, in particular the civil war in neighboring Syria.

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Source: Daily Star, The (Lebanon)

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