Financial Results of the Three Largest Lebanese Banks in BLOMINVEST BANK 2011 January 28, 2012 Contact Information Research Department
[email protected] Head of Research: Marwan Mikhael
[email protected] Comparative Profitability and Performance Highlights ROE (%) ROA (%) Cost-to-Income (%) BLOM 19.2 1.46 36.4 Audi 16.4 1.27 46.6 Byblos 13.6 1.13 42.8 (in thousands of USD) Tier 1 Capital Total Shareholder Equity 2011 2010 Growth 2011 2010 Growth BLOM 1,974,912 1,817,336 8.7% 1,984,047 1,890,933 4.9% Audi 2,284,344 2,263,756 0.9% 2,356,021 2,420,388 -2.7% Byblos 1,657,830 1,589,951 4.3% 1,647,552 1,629,463 1.1% Total Assets Net Income 2011 2010 Growth 2011 2010 Growth BLOM 23,165,390 22,344,180 3.7% 331,522 330,601 0.3% Audi 28,737,997 28,688,010 0.2% 365,208 352,248 3.7% Byblos 16,601,032 15,288,486 8.6% 179,727 177,658 1.2% Customer Deposits Loans 2011 2010 Growth 2011 2010 Growth BLOM 20,300,781 19,605,900 3.5% 5,591,559 5,178,464 8.0% Audi 24,797,651 24,847,822 -0.2% 8,594,312 8,547,543 0.5% Byblos 12,820,187 11,890,088 7.8% 4,009,050 3,771,303 6.3% Source: BLOM, Audi, Byblos Financial Results of the Three Largest Lebanese Banks in 2011 S A L During 2011, the three largest Lebanese banks (BLOM, Audi, and Byblos) proved highly resilient growing their earnings amidst a year filled with uncertainty and dramatic changes in the region despite reporting a combined $94 million in net collective provisions.