Bank of Beirut First-Half Profit Rises as Lending Increases

Bank of Beirut SAL, a publicly traded Lebanese lender, said first-half profit rose 65 percent to about 72.4 billion Lebanese pounds ($48 million) from 43.8 billion pounds a year earlier, as loans increased.

Lending grew 37 percent to 3 trillion pounds in the first six months of the year from 2.1 trillion pounds, the bank said today in a filing, according to an e-mailed statement from the Beirut Stock Exchange.

Total assets grew 14.6 percent to 10.7 trillion pounds.