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Lebanon's Byblos 2011 profit growth slows to 1.2 pct

Reuters – Thu, Jan 26, 2012

BEIRUT, Jan 26 (Reuters) - Lebanon's Byblos Bank

said on Thursday net profit rose last year by 1.2

percent, a sharp slowdown from the previous year, when it

registered a 22 percent rise.

The bank said assets grew by 8.6 percent to $16.6 billion

and deposits rose 7.8 percent to $12.8 billion. Net customer

loans were up 6.3 percent at $4.0 billion.

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