's 2012 first half net profits reached $21.9 million, declining by 2.6 percent from a total of $22.5 million recorded in the same period of 2011.
BEIRUT: Bank of Beirut and the Arab Countries (BBAC
) posted net profits of $14.9 million in the first half of 2008, up by 40.8 percent from $10.6 million in the first half of 2007.
Countries in the Gulf, however, are welcoming financial institutions in a variety of fields such as banking, insurance and private equity, said Saad Andary, deputy general manager of the Bank of Beirut and Arab Countries (BBAC
KEY CLIENTS Piaget, Bosh, Siemens, Al Khayat Group, Meraas Leisure and Entertainment, BBAC
, AMGEN, BEAR Real Estate Consultants, LG Electronics, Total Liban
Mercedes-Benz Cars production and supply chain chief, Markus Schaefer, said, 'With the ramp-up of the new long wheelbase sedan at BBAC
, we are successfully continuing and finishing our unrivalled ramp-up cascade for the new compact cars this year.
Scheduled to start operations in 2020, the R&D Tech Center's proximity to the production hub will enable the integrated campus concept of local production with R&D, through the existing pilot plant, test track and test benches at BBAC
, together and new test labs and workshops at the R&D Tech Center for testing in new energy vehicle technology, powertrain and chassis, emissions and in-vehicle air quality.
posted net profits of US$ 42.5 million in the first nine months of 2017, up by a yearly 33.8% from US$ 31.7 million registered in the corresponding period of 2016.
"Of course it was not like a normal day but nevertheless contained," said Ghassan Assaf, the chairman of BBAC
In the latter group are, in order of their signing, First National Bank, Jammal Trust Bank, BBAC
Bank, Al-Mawarid Bank and FFA Private Bank.
Anastasiades made the comments on Saturday night during the inauguration in Limassol of the building of the Bank of Beirut and the Arab Countries (BBAC