IBL Bank’s net profits rise in first nine months

IBL Bank's net profits for the first nine months of 2012 reached $36.5 million, up by 21 percent year-on-year.

Net operating income rose by 16.7 percent to $64.7 million in this period. Total operating expenses rose by 15.7 percent to $23.9 million.

Compared to end-2011, IBL Bank’s total assets were up by 11 percent, reaching $4.2 billion, and customer deposits were up by 9.7 percent to $3.8 billion.