Lebanon & Gulf Bank posted net profits of $17.8 million in 2012, up by two percent year-on-year.

Total net income from interests, fees, and commissions amounted to $38 million, up from $27 million in 2011. Total operating income reached $48 million, up by ten percent.

Lebanon & Gulf Bank’s assets at end-2012 totaled $2.4 billion, up by 11 percent. Loans and advances stood at $910 compared to $721 million at end-2011. Customers’ deposits amounted to $2.3 billion, up by 17.4 percent. Shareholders’ equity grew by 8.2 percent to $188.8 million.