SGBL net profits up by 30 percent in first six months

SGBL saw its net profits rise to $59 million in the first half of 2012, up by nearly 30 percent from the same period of last year. SGBL acquired the Lebanese- Canadian Bank (LCB) in August last year.

The bank’s total assets grew to $10.9 billion, up by 64 percent. Customer deposits totaled $8 billion, up by 84 percent.