Byblos Bank published its unaudited financial statements for the first nine months of the year 2025 revealing a net profit of LBP 248.93 billion ($2.78 million) compared to a net profit of LBP 229.03 billion a year earlier. In details, net commission income and fee income rose by 20.62% y-o-y to LBP 3.89 trillion ($43.39 million) and was accompanied by some 33.71% rally in net gain on financial instruments & other operating income to LBP 10.65 trillion ($119.01 million) mainly on the back of the 40.08% increase in net trading gain to LBP 9.69 trillion which together outweighed the 16.52% annual drop in net interest income to LBP 6.48 trillion ($72.37 million). On the other hand, the bank booked LBP 3.26 trillion in net impairment losses on financial assets during the first nine months of 2025 compared to some LBP 1.44 trillion in impairment charges a year earlier. Consequently, Byblos Bank registered a net operating income of LBP 17.75 trillion YTD September 2025 (1.42% annual increase) while total operating expenses dropped by ~25% on an annual basis to LBP 6.72 trillion ($75.10 million), mainly on the back of the 38.09% y-o-y reduction in other operating expenses to LBP 2.79 trillion and the 12.29% y-o-y increase in personnel expenses to LBP 3.88 trillion. On the balance sheet front, the bank’s consolidated assets remained almost flat during the first months of the year 2025 at LBP 1,011.27 trillion ($11.30 billion) with net loans & advances contracting by 9.05% to LBP 47.24 trillion ($528 million) and cash & balances with Central Banks remaining almost flat at LBP 831.18 trillion ($9.29 billion). Byblos bank’s financial assets held at FVTPL soared by 61.15% to LBP 22.80 trillion, with those booked at fair value through other comprehensive income dropping by 11.20% LBP 9.14 trillion and those booked at amortized cost falling by 25.47% during the first nine months of 2025 to LBP 5.87 trillion. Customer deposits at Byblos Bank inched lower by 0.29% YTD September 2025 to LBP 848.60 trillion ($9.48 billion) resulting in a ratio of net loans to customer deposits of 5.57% compared to 6.10% at end of year 2024. The bank’s shareholders’ equity increased by 2.64% during the first nine months of 2025 to LBP 70.17 trillion ($784 million) bolstered by an increase in foreign currency translation reserves to LBP 22.35 trillion ($250 million) and an increase in retained earnings to LBP 31.71 trillion ($354 million).