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Lebanon's Blom Bank Posts Modest Rise In First-Quarter Profit

BEIRUT (Zawya Dow Jones)--Lebanon's Blom Bank SAL (BLBD.LE), one of the country's two largest lenders, said Monday that its first-quarter net profit rose 2.5% from a year earlier to $84.12 million despite additional provisions of $20 million. "These results commend the bank's performance amid operating conditions characterized by political upheavals in the region, and by debt crises and economic slowdown at the global level," the lender, whose major shareholder is Bank of New York Mellon Corp. (BK), said in a statement. The bank's total assets stood at $23.8 billion at the end of March, up 4.3% from a year earlier, according to the statement. Deposits rose 4% to $20.7 billion while lending increased 5.5% to $5.7 billion. The bank's shares ended up 0.8% Monday at $7.81 in an overall higher market. -By Shikrallah Nakhoul, Zawya Dow Jones; +961 1 985757; shikrallah@zawya.com Order free Annual Report for The Bank of New York Mellon Corp. Visit http://djnweurope.ar.wilink.com/?ticker=US0640581007 or call +44 (0)208 391 6028

Stock News for Bank of N Y (BK)
DateTimeHeadline
05/26/201612:47:00BNY Mellon Named as Depositary Bank by Grupo Supervielle S.A...
05/24/201614:15:00BNY Mellon to Speak at Upcoming Conferences
05/23/201617:01:06Statement of Changes in Beneficial Ownership (4)
05/23/201608:45:00BNY Mellon Launches Asset Strategy View(SM), Opening a 'Big Data...
05/20/201606:37:00ICBC to Issue First Renminbi Certificate of Deposit to Settle...
05/18/201611:22:00MIT Sloan CIO Symposium Announces Winner of the 2016 CIO Leadership...
05/18/201608:05:00Defined Contribution Plans Borrowing from Defined Benefit Playbook...
05/17/201617:20:31Statement of Changes in Beneficial Ownership (4)
05/17/201617:19:12Statement of Changes in Beneficial Ownership (4)
05/17/201617:18:46Statement of Changes in Beneficial Ownership (4)
05/17/201617:17:28Statement of Changes in Beneficial Ownership (4)
05/16/201617:49:35Statement of Changes in Beneficial Ownership (4)
05/16/201615:47:50Form 13f Holdings Report (13f-hr/a)
05/16/201613:00:00State Street Nears Settlements to End Probes of Alleged Overcharges
05/11/201611:43:59Form 13f Holdings Report (13f-hr)
05/10/201616:24:37Quarterly Report (10-q)
05/09/201618:09:53Automatic Shelf Registration Statement of Securities of Well-known...
05/09/201607:00:00BNY Mellon report predicts that investor demand for real assets...
05/06/201617:11:45Statement of Changes in Beneficial Ownership (4)
05/05/201608:00:00Funded Status of U.S. Corporate Pensions Falls in April, to 79.9...

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