Banque Libano-Française net profits up by 20 percent

Banque Libano-Française (BLF) reported net profits of $60 million in the first nine months of 2012, up by 20 percent from $50 million in the same period of 2011. Total assets stood at $10.3 billion. Net operating income rose by ten percent to $158 million compared to $141 million at end-September 2011. Total operating expenses progressed by four percent to around $87 million.