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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
08/30/201515:23:00BNY Mellon Races to Fix Pricing Glitches Before Markets Open...
08/28/201513:12:53Form 13f Holdings Report (13f-hr/a)
08/28/201513:10:35Form 13f Holdings Report (13f-hr/a)
08/28/201513:08:19Form 13f Holdings Report (13f-hr/a)
08/28/201513:07:27Form 13f Holdings Report (13f-hr/a)
08/28/201513:05:07Form 13f Holdings Report (13f-hr/a)
08/28/201513:03:37Form 13f Holdings Report (13f-hr/a)
08/28/201513:02:17Form 13f Holdings Report (13f-hr/a)
08/28/201513:00:08Form 13f Holdings Report (13f-hr/a)
08/28/201512:58:21Form 13f Holdings Report (13f-hr/a)
08/28/201512:57:53Form 13f Holdings Report (13f-hr/a)
08/28/201512:56:24Form 13f Holdings Report (13f-hr/a)
08/28/201512:51:30Form 13f Holdings Report (13f-hr/a)
08/28/201512:47:52Form 13f Holdings Report (13f-hr/a)
08/28/201512:46:31Form 13f Holdings Report (13f-hr/a)
08/28/201512:45:07Form 13f Holdings Report (13f-hr/a)
08/28/201512:43:32Form 13f Holdings Report (13f-hr/a)
08/28/201512:42:39Form 13f Holdings Report (13f-hr/a)
08/28/201505:50:00Market Rally Loses Steam
08/27/201517:31:00Bank Scrambles to Price Funds After Glitch

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