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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; [email protected] 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
03/23/201709:00:00BNY Mellon's Albridge Powers Newly Independent RIA
03/23/201707:22:00BNY Mellon to Host First Quarter 2017 Earnings Conference Call...
03/22/201706:51:00BNY Mellon to Webcast Annual Meeting of Stockholders on April...
03/15/201718:47:00BNY Mellon Increases Prime Rate to 4.00 Percent
03/13/201716:47:09Statement of Changes in Beneficial Ownership (4)
03/10/201716:27:33Additional Proxy Soliciting Materials (definitive) (defa14a)
03/10/201716:23:14Proxy Statement (definitive) (def 14a)
03/07/201711:30:00Alcentra announces the final closure of its second European direct...
03/02/201717:29:15Statement of Changes in Beneficial Ownership (4)
02/28/201715:02:00The Newest Bank Blockchain: Will This Be the Breakthrough?
02/28/201715:01:00Correction to Bank Blockchain Story
02/28/201715:00:00Correction to Bank Blockchain Story
02/28/201708:04:11Annual Report (10-k)
02/28/201708:03:00The Newest Bank Blockchain: Will This Be the Breakthrough?
02/27/201708:33:01Current Report Filing (8-k)
02/24/201717:12:36Statement of Changes in Beneficial Ownership (4)
02/22/201717:09:25Statement of Changes in Beneficial Ownership (4)
02/22/201717:09:25Statement of Changes in Beneficial Ownership (4)
02/22/201717:08:55Statement of Changes in Beneficial Ownership (4)
02/22/201717:08:55Statement of Changes in Beneficial Ownership (4)

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