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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
04/20/201508:00:00Paulette Mullings Bradnock Joins BNY Mellon as Chief Auditor
04/15/201511:18:58UK Regulator FCA Fines BNY Mellon Units GBP126 Million for Compliance...
04/15/201511:16:52UK Regulator Fines Bank of New York Mellon Units GBP126 Million...
04/15/201510:00:00Pershing's INSITE 2015 to Address the Dramatically Shifting Business...
04/15/201506:10:02Current Report Filing (8-k)
04/15/201505:17:00BNY Mellon Enters Into Settlement Agreement With The U.K. Financial...
04/14/201516:36:41Current Report Filing (8-k)
04/14/201508:17:33Current Report Filing (8-k)
04/13/201507:46:00Green Beta Can Help Investors Lower Portfolio's Carbon Intensity...
04/10/201513:41:14Should You Invest in Bitcoin?
04/08/201513:16:49Activist Investor in Food Fight With Steak 'n Shake Owner
04/08/201507:01:00Anita Borg Institute names BNY Mellon Top Company for Women in...
04/07/201514:00:00Marcato Capital Management Releases Additional Materials to Shareholders...
04/06/201516:51:47Statement of Changes in Beneficial Ownership (4)
04/06/201507:58:00Funded Status of U.S. Corporate Pensions Dips Slightly in March...
04/03/201514:54:44Statement of Changes in Beneficial Ownership (4)
04/03/201514:54:17Statement of Changes in Beneficial Ownership (4)
04/03/201514:53:21Statement of Changes in Beneficial Ownership (4)
04/03/201514:52:52Statement of Changes in Beneficial Ownership (4)
04/02/201508:05:00Edita Food Industries S.A.E. Selects BNY Mellon for First Global...

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