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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
07/26/201615:36:37Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/26/201610:00:00BNY Mellon Wealth Management Appoints Thomas Dicker as President...
07/26/201606:04:12Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/25/201618:10:00Fifth Third Chief Legal Officer Out
07/25/201618:10:00BNY Mellon Announces Pricing of Public Offering of $1 Billion...
07/25/201617:56:09Statement of Changes in Beneficial Ownership (4)
07/25/201615:54:00BNY Mellon Named Gold Medal Sponsor of USRowing
07/25/201609:08:00BNY Mellon Announces Public Offering of Depositary Shares Representing...
07/25/201608:40:09Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
07/25/201608:05:00BNY Mellon Selected by BMW Group for its Sponsored Depositary...
07/21/201614:10:00J.P. Morgan Nears Settlement on Asia Hiring
07/21/201608:30:00Bank of New York Mellon Profit Up on Lowered Expenses
07/21/201608:08:00Bank of New York Mellon Profit Up on Lowered Expenses
07/21/201606:47:06Current Report Filing (8-k)
07/21/201606:30:00BNY Mellon Reports Second Quarter Earnings Of $825 Million Or...
07/19/201606:48:00BNY Mellon's Hani Kablawi Named New Head of Investment Services...
07/18/201606:48:00BNY Mellon to Service €2 Billion in Assets for Nomura Asset M...
07/11/201610:45:00BNY Mellon's Pershing CEO Lisa Dolly Named One of "The 50 Most...
07/08/201614:47:29Amended Statement of Ownership (sc 13g/a)
07/07/201612:00:00Funded Status of U.S. Corporate Pensions Falls in June, to 78.1...

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