Lebanon Businessnews News
 

Financial Institutions post increase in assets
-Total assets reached $1 billion at end of Q1,report
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Bank’s investments in government securities totaled $129 million at the end of the first quarter of 2010, a drop by 6.5 percent from the end of 2009, and almost equal to last year figures.

Total liabilities to the private sector reached $228 million, up 88 percent year-on-year, and 24 percent from the end of 2009, the report showed.

Loans provided by local banks to private sector companies reached $496.4 million, increasing seven percent from the end of 2009 and by 22 percent year-on-year.
 

Date Posted: Jul 02, 2010
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