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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
07/27/201507:30:00Dynamic Pharmaceutical/Biotech Sector Marks Depositary Receipt...
07/27/201502:00:04Instant-Messaging Company Symphony Seeks New Investment
07/21/201512:52:42BNY Mellon Profit Surges 48% -- 2nd Update
07/21/201507:38:51BNY Mellon Profit Surges 48% -- Update
07/21/201507:30:33BNY Mellon Profit Surges 48%
07/21/201507:27:17BNY Mellon Profit Surges 48%
07/21/201507:20:27Current Report Filing (8-k)
07/21/201506:30:00BNY Mellon Reports Second Quarter Earnings Of $830 Million Or...
07/20/201518:53:10Fed Lifts Capital Requirements for Banks -- 3rd Update
07/16/201514:25:00BNY Mellon Study Highlights Diverging Investor Priorities in...
07/13/201508:12:00BNY Mellon Extends Subaccounting Services for Raymond James for...
07/10/201517:09:17Judge Orders Chesapeake to Pay $379.7 Million in Bond-Redemption...
07/07/201512:15:00Funded Status of U.S. Corporate Pensions Rises to 87.8 Percent...
07/06/201517:15:55Statement of Changes in Beneficial Ownership (4)
07/06/201517:14:37Statement of Changes in Beneficial Ownership (4)
07/06/201517:10:52Statement of Changes in Beneficial Ownership (4)
07/06/201517:08:41Statement of Changes in Beneficial Ownership (4)
07/06/201511:30:00CenterSquare Investment Management Appoints Industry Veteran...
07/06/201509:59:00BNY Mellon Corporate Trust Appointed Trustee, Registrar, Paying...
06/29/201506:00:00BNY Mellon appointed to provide alternatives depositary and administration...

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