BLC Bank published its unaudited financial statements for the first nine months of 2020, reporting a net profit of $16.72 million in comparison with a net loss of $31.85 million during the same period in 2019. In details, the bank’s net interest income increased by 20.94% year-on-year to $64.08 million accompanied by a write-backs on provisions on credit losses of $4.27 million in comparison with provisions of $35.89 million during the first nine months of 2019. This outweighed the 26.05% contraction in net commission & fee income to $13.12 million, and the $18.24 million net loss on financial instruments & other operating income. As a result, the bank’s net financial revenues after impairment increased by 68.53% to $63.23 million. On the balance sheet front, BLC Bank’s total assets contracted by 8.58% y-o-y in the first nine months of 2020 to around $4.07 billion. This owes to the 27.18% drop in net loans and advances to just above $1.00 billion overshadowing the 10.44% increase in cash and placements with Central Banks to around $1.44 billion. On the funding side, customer deposits at BLC Bank fell by 10.29% during the first nine months of 2020 to $3.16 billion. In this vein, the ratio of net loans to customer deposits receded to 31.67% at end of September 2020, compared to 39.01% at end of year 2019. On the capitalization front, the bank’s shareholders’ equity rose by 3.36% to $506.51 million by end of September 2020.