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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; Order free Annual Report for The Bank of New York Mellon Corp. Visit or call +44 (0)208 391 6028

Stock News for Bank of N Y (BK)
11/27/201516:08:31Current Report Filing (8-k)
11/20/201516:45:20Statement of Changes in Beneficial Ownership (4)
11/20/201514:34:05Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
11/20/201506:05:11Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
11/19/201508:47:33Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
11/19/201507:00:00BNY Mellon Selected by Anglo American plc for its Sponsored Depositary...
11/18/201500:07:05Why You Should Care About the Bank of New York Mellon Corp.
11/17/201516:55:39Statement of Changes in Beneficial Ownership (4)
11/17/201516:55:15Statement of Changes in Beneficial Ownership (4)
11/17/201516:53:27Statement of Changes in Beneficial Ownership (4)
11/17/201516:52:01Statement of Changes in Beneficial Ownership (4)
11/17/201508:35:00U.S. Master Trust Universe Reflects Negative Returns in Q3, says...
11/17/201507:43:00BNY Mellon Appointed Trustee, Paying Agent and Registrar for...
11/16/201507:38:00BNY Mellon Appointed Trustee on Bonds Issued by Senior Quality...
11/13/201519:01:03Digging Into NYCB's Merger with Astoria Financial
11/13/201505:40:00BNY Mellon Assists Ukrainian Government on $15 Billion External...
11/12/201518:33:33Statement of Changes in Beneficial Ownership (4)
11/12/201513:00:00BNY Mellon's Pershing Prime Services Unit Named Best Prime Broker--Innovation...
11/11/201509:59:00Funded Status of U.S. Corporate Pensions Rises in October to...
11/10/201516:42:35Form 13f Holdings Report (13f-hr)

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