
Byblos Bank’s profits fall slightly in 2018
Byblos Bank’s net profits at the end of 2018 fell only by 3.3 percent to $165 million compared to $170 million in 2017, a statement by the bank said Tuesday. Byblos Bank performance for the year 2018 was in line with expectations. The Bank posted adequate net profits of $165 million for 2018, a decrease of 3.3 percent ($5.6 million) from 2017 but acceptable given the adverse economic conditions, the bank said.