Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Lebanese Bank Profits Set to Fall, Bassil Tells Daily Star

July 17 (Bloomberg) -- Lebanese bank profits will drop by 5 percent to 10 percent this year because of the turmoil in Syria and local political tensions, Francois Bassil, the chairman of Byblos Bank, told the Daily Star.

Some leading lenders saw profits fall in the first quarter, Bassil told the newspaper. He said most banks have increased provisions for non-performing loans since the crisis in Syria began in March last year.

To contact the reporter on this story: Donna Abu-Nasr in Beirut at dabunasr@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.