1st Quarter Results

Byblos Bank S.A.L.

Press Release - Q1 2015 Unaudited Results

28 April 2015

Byblos Bank maintained a solid financial performance in the first quarter of 2015, posting an increase in its unaudited consolidated Net Profit by 6.7% compared to the same period of last year. These positive results were recorded while the Bank sustained its cautious strategy aiming at preserving asset quality and mitigating risks.

Furthermore, Byblos Bank recorded one of the highest capital adequacy ratios and liquidity levels in the Lebanese banking sector. Its Basel III Capital Adequacy Ratio amounted to 16.7%, versus a 12% minimum regulatory requirement with full compliance by December 2015. Primary Liquidity Placed with Banks and Central Banks (including Central Bank of Lebanon Certificates of Deposit) reached USD 9.5 billion, representing 50% of total assets at the end of the first quarter of 2015.

Net Non-performing Loans to Net Loans, an indicator of asset quality, were maintained below 1% as at 30 March 2015, and the Bank's coverage ratio on non-performing loans - including collective provisions - reached 117% as at the same date.

Byblos Bank's unaudited consolidated Total Assets, Customer Deposits and Net Customer Loans stood stable during the first quarter of 2015, reaching USD 19.0 billion, USD 15.7 billion and USD 4.7 billion respectively, as at 30 March 2015. While Net Profit that increased by 6.7% totaled USD 32.8 million for the first quarter of 2015.

http://www.rns-pdf.londonstockexchange.com/rns/5560L_-2015-4-28.pdf 

For further information, please contact:

Ziad El Zoghby

Head of Finance and Administration Division

Phone: +961 1335 280